EURUSD

The EURUSD pair is trading around the pivot level of 1.17013. The FOMC minutes released yesterday showed that Fed members have differing views on interest rate cuts in 2025. While some members indicated that no rate cuts might occur due to inflation still being above target, others pointed to signs of economic slowdown. This uncertainty is providing mixed signals regarding the direction of the dollar. Today, since there are no significant data points in the economic calendar, monitoring technical levels is highlighted. If the resistance at 1.17409 is broken, the levels of 1.17893 and 1.18333 may be targeted. On the downside, the levels of 1.16529 and 1.16133 will be monitored.