EURUSD

We are in the middle of the week for EURUSD. The classic Dollar index continues a pricing reaction resembling the calm before the storm near the 34 and 100-day exponential moving averages (103.50) before critical macroeconomic developments. Although there was pressure on the index with the ISM Services PMI data that fell below expectations yesterday, the course above 103.50 continues. When we evaluate the EURUSD parity in the short term, although the positive trend it started at the level of 1.0695 was broken with the recent movements, it could not gain confirmation because a permanent reaction was not observed below the level of 1.0775. As it could not gain, it brought the idea of entering the trend that it ended with increases again to the agenda. It should not be forgotten that permanent movements below the level of 1.0775 are needed for adaptation to the new negative outlook (in such a scenario, the 1.0695 bottom point is on our agenda), and permanent movements above 1.0875 are needed for returning to the trend it ended (in such a scenario, the 1.1145 peak point is on our agenda). Support: 1.0815 – 1.0775 Resistance: 1.0875 – 1.0895