EURUSD

The currency pair may find direction this week due to the upcoming German GDP data and EU inflation figures. The German Q1 GDP, set to be released on Wednesday, is expected to show a growth of 0.2%, and data supporting an exit from technical recession would be positive for the markets. On the same day, the Eurozone CPI is expected to come in at 0.3%, which could strengthen expectations for an interest rate cut by the ECB in June. On the US front, inflation data and GDP will be significant. The Q1 GDP is expected to decline to 0.4%, while a 0.1% decrease in Core Personal Consumption Expenditures on a monthly basis could provide upward support for the EUR/USD pair. It is considered appropriate to assess positions based on support levels in the pair, where a positive technical outlook continues.