EURUSD

The Euro/Dollar exchange rate gained value in the previous period due to increasing expectations of easing in the U.S. Federal Reserve's (Fed) monetary policy direction. The rise in the probability of interest rate cuts from 48% to 60% supported the technical outlook for the exchange rate. Currently, the rate is hovering above the pivot level of 1.15431 and is targeting the resistance point of 1.16944. Major indicators that will determine the short-term direction of the exchange rate this week include the U.S. Services Sector PMI (expectation: 55.2) and the ISM Non-Manufacturing Index (expectation: 51.5), which will be announced on Tuesday. From a technical perspective, the 1.16944-1.18486 range is evaluated as a critical resistance area to be monitored during upward movements, while in potential pullbacks, the levels of 1.14907-1.13394 will serve as important support.