☀️ Good morning, traders!

Important events to look forward to this week:

Tuesday:
🇺🇸 USD - JOLTS Job Openings - 17:15 GMT +3;

Wednesday:
🇺🇸 USD - Core CPI m/m - 15:30 GMT +3;
🇺🇸 USD - CPI m/m - 15:30 GMT +3;
🇺🇸 USD - CPI y/y - 15:30 GMT +3;
🇨🇦 CAD - BOC Rate Statement - 16:45 GMT +3;
🇨🇦 CAD - Overnight Rate - 16:45 GMT +3;
🇨🇦 CAD - BOC Press Conference - 17:30 GMT +3;

Thursday:
🇺🇸 USD - Core PPI m/m - 15:30 GMT +3;
🇺🇸 USD - PPI m/m - 15:30 GMT +3;
🇺🇸 USD - Unemployment Claims - 15:30 GMT +3;

Friday:
🇬🇧 GBP - GDP m/m - 10:00 GMT +3;
🇺🇸 USD - Prelim UoM Consumer Sentiment - 17:00 GMT +3;
🇺🇸 USD - Prelim UoM Inflation Expectations - 17:00 GMT +3;

A brief overview of important assets:

👉🇻🇦👈The US dollar demonstrates a strong downward movement, testing the support level of 103.44. The price has fallen below the EMA-200, indicating the dominance of sellers and a possible further decline.

If the dollar consolidates below 103.44, the downward momentum may strengthen, opening the way to 102.67. However, if the asset holds above this level, a correction to the resistance 104.44 is likely. If this level is broken, the next upside target will be 105.68.

👉🇪🇺🇻🇦👈The euro showed strong growth, which was also helped by the interest rate cut. The price tested the resistance level of 1.0880, while the RSI was in the overbought zone, and quotes reached the upper boundary of the Bollinger Bands indicator. These factors signal the possible start of a correction.

If the asset overcomes the resistance at 1.0880, the upward movement may continue to 1.0963. Otherwise, if it fails to consolidate above the level, a decline to 1.0726 is highly probable.

👉🗽🕛The index showed a decline, having updated the low of 5820 and tested the support level 5700. The price is near the lower boundary of the Bollinger Bands indicator, and RSI indicates oversold, which signals the possible correction start.

If the 5700 level is broken, the decline could continue to 5500. However, if the support holds, a rise to 5820 is likely. If this level is broken, the next target will be 5997.

⚡️ XAUUSD ⚡️ The stock is trading in a narrow range of 2900-2925, being in the consolidation phase. A breakdown of the resistance level 2925 may become a catalyst for growth and lead to a test of the historical maximum. However, if the price overcomes the support level, the decline may resume with a target of 2855.

Have a successful trading week everyone!😃
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