EURUSD

The most critical agenda item of the week for EURUSD will be the results of the Fed meeting that will start this evening. Being within the critical threshold zones may cause EURUSD pairs to move depending on these reference indicators. When we evaluate the EURUSD pair in the short term, the 55-period exponential moving average (1.0870) is important. Despite certain stretches, the desire of the Dollar Index to remain in the positive zone has also caused the EURUSD pair to gradually create a negative performance. With this in mind, it may want to decline towards the supports of 1.0805 and 1.0755. The level of 1.0755 is a negative expectation. In the event of a possible recovery, it should not be forgotten that permanent movements above the average (preferably daily closing) are needed for the current scenario regarding the pair to be considered invalid. Support: 1.0800 – 1.0755 Resistance: 1.0890 – 1.0965