EURUSD

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EURUSD

For EURUSD, we will follow the Non-Farm Employment data, which is one of the most important data of the month. If employment is lower than expected, the Dollar Index may decline as the Interest Rate Cuts will gain more power. This means an increase in the Parity. It is useful to be careful. When we evaluate the EURUSD parity in the short term, the 55-period exponential moving average (1.0855) is important, although there are 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 thought, 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: 1.0930 - 1.0985