EURUSD

For the pair today, market participants are focused on the key macroeconomic data to be released from Europe and the U.S. While the UK growth and industrial production data, expected in the morning hours, could provide clues about the broader outlook of the European economy, the Eurozone industrial production data will also be monitored to assess the strength of economic activity. Later in the day, the growth data and GDP price index to be released from the U.S. are among the developments that could trigger volatility in the dollar index. Should the strong trend in the U.S. economy continue, an increase in dollar demand could exert pressure on the pair. From a technical perspective, it is evaluated that prices remain under downward pressure and that pullbacks toward support zones could be on the agenda.