EURUSD

The EURUSD pair is moving sideways around the pivot level of 1.17237. For the pair to move upward, it needs to maintain stability above this pivot level. In this case, the resistance levels of 1.17659 and 1.18076 can be targeted in sequence. The German CPI data to be announced on Thursday and the US unemployment claims may increase volatility in the pair. Data that differs from expectations could lead to the pair testing the support level of 1.16820. If this support is broken, a pullback towards the level of 1.16398 may occur.