EURUSD

The most important data flow expected from the US has been interrupted, so the main factor determining the strength of the dollar has become the uncertainty and risk perception created by the government shutdown. Normally, a shutdown is a negative development for the dollar. If this situation combines with the CPI data from the Eurozone that meets expectations, it could enable the pair to make an effort to recover. In this scenario, the first target would be again the pivot level of 1.16803, followed by the resistance at 1.17189. However, the political tension in the US could still drive investors towards the dollar, creating a wave of flight from global risks. The pair will be caught between the strength of European data and the uncertainty created by the political crisis in the US.