EURUSD

The EURUSD pair continues to move above the 200-period average of 1.0856. Considering the short-term negative outlook of the Dollar Index (DXY), if the pair remains above this average, increases towards the levels of 1.0947 and 1.1012 may be observed. In particular, permanent movements above the level of 1.1012 can be considered as an important signal for the continuation of the trend rally. Otherwise, correction movements towards the average may be observed. In order for the current scenario to be considered invalid, the Dollar Index must exhibit permanent movements above the determined indicator, in which case the June low of 1.0665 may come to the agenda.