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EURUSD

EURUSD
EURUSD
In the EUR/USD pair, investors are focused on today’s OPEC Meeting and the U.S. Conference Board Consumer Confidence data. During the Asian session, the Bank of Japan’s Core CPI came in at 2.7% year-over-year, unchanged from the previous reading, and did not trigger a significant shift in market direction. Later in the day, if U.S. consumer confidence exceeds expectations, the strong outlook for the U.S. Dollar Index may be maintained, increasing selling pressure on the pair. Messages from the OPEC meeting are also among the key developments that could indirectly influence dollar demand through their impact on global risk appetite. Accordingly, the continuation of the negative trend is expected in the technical outlook.
Support
1.1336 – 1.1312
Resistance
1.1400 – 1.1441

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