EURUSD

The EUR/USD pair continues to be under pressure on the fourth trading day of the week due to optimistic pricing behavior in the Dollar Index. The preliminary Manufacturing and Services PMI data to be announced today could have a significant impact on the pair. Furthermore, it is expected that the BoE and the Fed will cut interest rates by a total of half a point over the remaining two meetings of the year, while the ECB is expected to cut by a quarter point. These developments could create a scenario favorable to the dollar and unfavorable to the euro. The Dollar Index's movement above its 233-day average is causing continued downward pressure on the EUR/USD pair.

From a technical analysis perspective, the EUR/USD pair is trading at the 1.087 support level. The pair could decline towards the 1.083 and 1.078 levels. In upward movements, the resistance levels of 1.090, 1.094, and 1.099 should be monitored. The RSI indicator is below the 50 level and shows a negative trend. The pair has been observed to lose 0.10% in value compared to the previous day. Price movements below the 1.083 level may indicate that the downtrend in the pair will continue.