EURUSD

The direction of the pair for the remainder of the week will depend on the FOMC minutes to be released on Wednesday and the Eurozone CPI data, as well as the messages from Fed Chairman Powell, who will speak on Friday. While a calm data flow is expected today, the markets are positioning themselves for Wednesday's busy schedule. Hawkish signals from Powell and strong U.S. data could support the Dollar and pressure the pair.

Technical Levels: 1.17608 - 1.17314 - 1.16896 - 1.16727 - 1.16308 - 1.16140 - 1.15847 Technical Commentary: Sustaining above the pivot level of 1.16727 could target the resistances at 1.16896 and 1.17314. Below the pivot, the supports at 1.16308 and 1.16140 should be monitored.