EURUSD

For EURUSD, we observe that the EURUSD parity has entered a reaction process within a negative trend due to the Classic Dollar Index and the US 10-year bond interest rate giving back some of the recent gains. When we evaluate the EURUSD parity in the short term, the top point of the downtrend and also the indicator supporting the trend (55-period exponential moving average) is passing through the 1.0805 - 1.0850 region and the parity may want to continue its negative outlook under the relevant region. With this in mind, a decline towards the supports of 1.0755, 1.0715 and 1.0665 can be observed. In particular, permanent movements below the 1.0715 level may further strengthen the current pressure. Otherwise, a recovery towards the trend zone can be observed. However, under this condition, a new pricing reaction towards the psychological 1.10 level can be observed. Support: 1.0715 - 1.0665 Resistance: 1.0805 - 1.0850