EURUSD

We are on the most important day of the week for EURUSD. Today, we will reach the Consumer Price Index data result from the US. While the theme of weak Dollar and strong Euro continues before the critical CPI data, we observe that the reactions in the parity remain within the trend limits. When we evaluate the EURUSD parity in the short term, the lower point of the uptrend channel, the 1.0895 - 1.0930 region, is important, and the parity may want to continue its rise above the relevant region. With this in mind, movement towards the 1.1000 and 1.1045 barriers, especially 1.0965, may continue. In particular, permanent movements above the 1.0965 level may further strengthen the current upward trend, and with this confirmation, a new expectation towards the 1.1145 peak may occupy the agenda. Otherwise, pressure towards the 1.0895 support may be observed. It should not be forgotten that permanent movements are needed below the 1.0895 - 1.0930 region in such a pressure. However, under this condition, a new expectation towards the 1.0795 bottom point can be formed. Support: 1.0895 – 1.0855 Resistance: 1.0965 – 1.1000