EURUSD

In the EURUSD pair, pullbacks have remained limited, and horizontal pricing has been observed. The assessment of short positions is considered risky for the pair, with 1.1240 being an important support level, as mentioned yesterday. Although it has come under pressure following the Non-Farm Payroll data, the likelihood of the pair gaining strength continues due to the lack of a net positive economic situation in the US. The FOMC Minutes to be released this week (May 7) will be decisive for the direction of the pair.