EURUSD

The first trading day of the week has passed. According to manufacturing PMI data, the only country showing growth above the benchmark level of 50 was Spain, with a score of 50.5. France achieved a result very close to the threshold at 49.8. The overall situation in the Eurozone was in line with expectations at 49.4, while the UK continued to contract at 46.4. Germany's contraction rate increased to 48.3, and the US showed a similar picture with an ISM Manufacturing PMI of 48.5. In markets under slight pressure against the Dollar, Euro, and Pound, the main focus will be on the ECB's interest rate decision and US employment data.

The Dollar Index is displaying a negative stance, remaining below the 34-day average range of 99.85 – 101.05. If it stays below the level of 98.45 in the short term, the risk of a pullback to the 95.35 – 97.00 region may increase. The EURUSD pair continues to remain above the 120-period average (1.1330). If the trend stays above 1.1425, there is potential for the pair to reach the peak of 1.1575. However, if there is a sustained move below the average, it may trigger a new scenario.