EURUSD

The EUR/USD pair begins the new week around the 1.17506 pivot level, with all attention on the US PMI data to be released on Tuesday and Fed Chair Powell's speech. PMI data falling below expectations and dovish messages from Powell could lead to a weakening of the Dollar, pushing the pair to resistance levels of 1.17727, 1.17959, and 1.18173 respectively. However, strong upcoming data and Powell adopting a hawkish stance with an emphasis on inflation could create pressure on the pair, triggering a pullback towards support levels of 1.17264 and 1.17052. Throughout the week, Thursday's GDP and Friday's Core PCE inflation data will also increase volatility in the pair.