EURUSD

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EURUSD

For EURUSD, the markets, which had a quiet day in the US due to President's Day, have critical importance in the new week's dynamics for the Fed and ECB past meetings, and PMI data for the Manufacturing and Services sectors. When we evaluate the EURUSD parity in the short term, the downtrend upper point 1.0805 barrier maintains its importance, but 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. It should not be forgotten that permanent movements above the 1.0805 barrier are needed for the 1.0755 level, which also includes the 55-period exponential moving average, to be considered invalid. However, a new pricing reaction towards the psychological 1.1000 level can be observed under this condition. Support: 1.0755 - 1.0715 Resistance: 1.0805 - 1.0850