EURUSD

We have left an important week behind for EURUSD. With the course of the Classic Dollar Index below the 34 and 100-day exponential moving averages (103.50), the short-term outlook of the EURUSD parity has become clearer. When we evaluate the EURUSD parity in the short term, the bottom point of the uptrend channel, 1.0895, is important, but the parity may want to continue its rise above the relevant region. With this in mind, movement towards the barriers of 1.1000 and 1.1045, especially 1.0965, may continue. In particular, permanent movements above the level of 1.0965 may further strengthen the current upward trend, and with this confirmation, a new expectation towards the peak of 1.1145 may occupy the agenda. Otherwise, pressure towards the support of 1.0895 may be observed. In such a pressure, it should not be forgotten that permanent movements below the level of 1.0895 are needed for our current scenario to be considered invalid. However, a new expectation towards the bottom point of 1.0795 may occur under this condition. Support: 1.0895 – 1.0855 Resistance: 1.0965 – 1.1000