EURUSD

The Classic Dollar Index, which has been struggling significantly for EURUSD recently and has seen a significant squeeze in EURUSD and GBPUSD pairs, has been under pressure below the 34 and 100-day exponential moving averages (103.50) as of yesterday, allowing the US Dollar to remain weak against developed and developing country currencies. When we evaluate the EURUSD pair in the short term, the 1.0860 level is important for the pair, which has strengthened its movements in the positive region together with the pressure on the DXY side, and the pair may want to continue its rise above the relevant region. With this in mind, movement towards the barriers of 1.0930, 1.0965 and 1.1000 may continue. Otherwise, pressure towards the 1.0860 support may be observed. In such a pressure, it should not be forgotten that permanent movements below the 1.0860 level are needed for our current scenario to be considered invalid. However, with this condition, a new expectation may arise towards the 1.0695 bottom point. Support: 1.0860 – 1.0835 Resistance: 1.0930 – 1.0965