EURUSD

The EUR/USD pair is being shaped by expectations that the BoE and the Fed could each cut rates by a total of half a point in their remaining meetings of the year, alongside speculations that the ECB might go for a quarter-point rate cut. In the new week, speeches by BoE and ECB presidents, as well as Fed officials, will be monitored along with PMI data and housing statistics from the US. Additionally, the movement of the Dollar Index above its 233-day average is increasing downward pressure on the pair.

From a technical perspective, the EUR/USD pair is trading below the 34-period average in the 1.0870 - 1.0900 range. This indicates a tendency for the pair to maintain its weak response and strong trend theme. In downward movements, the 1.0828, 1.0780, and 1.0735 levels are being watched as support. The RSI indicator is at 45 and showing a negative outlook. It has been observed that the pair has seen a 0.07% decline compared to the previous day. In the event of a potential recovery, the 1.087 and 1.090 levels could be considered as resistance.