EURUSD

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EURUSD

For EURUSD, we see that the Dollar Index has created a pricing reaction close to the 100-day average of 103.40, and therefore no sharp changes are observed in EURUSD and its parities with the Fed. When we evaluate the EURUSD parity in the short term, the 55-period exponential moving average (1.0855) is important. Despite certain stretches, the desire of the Dollar Index to remain in the positive region has also caused the EURUSD parity 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 parity to be considered invalid. Support: 1.0755 – 1.0690 Resistance: 1.0890 – 1.0965