EURUSD

On the fourth trading day of the week for EURUSD, the Classic Dollar Index continued its course above the 34 and 100-day exponential moving averages (103.50) that we base on, causing declines in EURUSD. When we evaluate the EURUSD parity in the short term, we see that the positive trend it started at 1.0695 was broken with the recent movements, but it did not gain confirmation because no permanent reaction was observed below the 1.0795 level. For this reason, with the critical developments during the day, we will reach the answer to the question of whether the parity will return to the trend it ended or adapt to the new negative outlook. It should not be forgotten that permanent movements below the 1.0795 level are needed to adapt to the new negative outlook (in such a scenario, the 1.0695 bottom point is on our agenda), and permanent movements above 1.0855 are needed to return to the trend it ended (in such a scenario, the 1.1145 top point is on our agenda). Support: 1.0795 – 1.0735 Resistance: 1.0855 – 1.0895