EURUSD

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EURUSD

While the ECB's interest rate decision aligned with market expectations, President Lagarde's data-driven messages are drawing attention. During this process, positive retail sales data from the U.S. contributes to the strengthening of the dollar index, exerting pressure on the EURUSD and GBPUSD pairs. Data from the UK and U.S. economies and statements from Fed officials could trigger new pricing in the markets. The dollar index continues its positive trajectory above the 34-day average, maintaining its negative pressure on the pairs. From a technical perspective on the EURUSD pair, the 1.0888-1.0900 range forms a significant resistance area. As long as the pair remains below this level, weakness and a strong trend theme may continue. On the downside, 1.0828, 1.0780, and 1.0735 levels should be monitored as support. The RSI indicator is at 32.33 and is trending near the oversold territory. The current price is 1.0831, showing a 0.28% decline from the previous day. In case of a recovery, the 34-period average poses a significant barrier, while the main negative outlook remains below the 1.0992-1.1006 levels. Support:1.0828 - 1.078 - 1.0735 - Resistance:1.087 - 1.09 - 1.094 -