EURUSD

In the US, ahead of the Thanksgiving holiday, attention will be on the PCE, the Fed's preferred inflation indicator, and the third-quarter growth data. These data can particularly influence the direction of the US dollar. The EUR/USD pair may fluctuate in the short term based on this data. Additionally, other economic data from the US and global political developments can also affect the pair. Movements in the dollar index can be crucial in determining the general trend of the EUR/USD pair.

The EUR/USD pair is trading below the 34 and 55-period moving averages, located in the 1.0500 – 1.0555 range. This indicates that the pair may show a weak reaction and a strong trend tendency. On the daily timeframe, the 1.0445 level is observed as the first significant support point, and if this level is breached, pullbacks towards the 1.0390 and 1.0360 levels might occur. If the pair fails to find support at these levels, it may open discussions around the 1 Euro = 1 Dollar level. The RSI indicator is currently around 40 and presents a negative outlook, indicating that the selling pressure might continue. Compared to the previous day, a 0.09% decrease in the pair is observed.