EURUSD

Messages with a dovish tone from Powell could lead to a weakening of the Dollar, pushing the pair to resistance levels of 1.17727, 1.17959, and 1.18173. However, strong upcoming data and Powell's hawkish stance emphasizing inflation may 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.