EURUSD

The Classic Dollar Index, which strengthened after the Non-Farm Employment data for EURUSD, posed a significant threat to the medium-term optimistic expectations for the EURUSD parity with its course above the upper region of the 102.70 - 103.40 compression zone. When we evaluate the EURUSD parity in the short term, the 55-period exponential moving average (1.0855) is important, and 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: 1.0855 - 1.0930