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 exhibiting 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.