The EURUSD pair rose during the Asian trading period today, Monday, with the beginning of the week trading slightly, in light of the scarcity of economic data from the eurozone, where we have at 12:00 pm the speech of the European Central Bank member Lane.

On the other side of the US economy, we are waiting today at 2:30 pm Egypt time for retail sales and then the Empire State Industrial Index, and also at the same time we will be scheduled with the speech of Williams, a member of the Federal Open Market Committee.

The US dollar is still the strongest currency at the moment, especially after the markets are pricing in the possibility of postponing the interest rate cut scheduled for next June, especially after the high jobs and inflation data released recently.

Technically: we still expect further declines for the EURUSD pair under the current strength of the US dollar, and the pair is trying to complete the harmonic models shown near the levels of 1.0580 to 1.0525, and the models that the pair is trying to form are the bat and also the crab model.

The EUR / USD pair is on sale at the moment from the current levels up to the levels of 1.0700.

This scenario fails if the downtrend levels break above the levels of 1.0890, but it is possible that the stop will be lower due to the current period's market volatility and it may be near the levels of 1.0780, at which time we assess the situation and extract other entry zones.