EURUSD

In a week where we will complete February for EURUSD, we expect a US-intensive news flow. The most important data of the week will be US Growth and the PCE Deflator, which the Fed closely follows, while the Euro Zone CPI and FOMC members' speeches will also be followed. When we evaluate the EURUSD parity in the short term, the 1.0805 region, where the 55-period exponential moving average is located, is important, and an increase towards 1.0850, 1.0895 and 1.0930 levels can be observed. In particular, permanent movements above 1.0850 can further strengthen the current positive desire. Otherwise, pressure may occur towards the short-term indicator. It should not be forgotten that permanent movements below the 1.0797 - 1.0805 region are needed if the parity wants to return to the negative trend it ended with this pressure. However, a new pricing reaction towards the 1.0695 bottom point can be observed under this condition. Support: 1.0790 – 1.0755 Resistance: 1.0855 – 1.0930