EURUSD

It is the last trading day of the week for EURUSD. After the US PPI data yesterday, the positive pricing behavior in the Classic Dollar Index caused significant pressure on the EURUSD parity. When we evaluate the EURUSD parity in the short term, the 1.0860 - 1.0895 region maintains its importance, while the parity is in the decision phase regarding whether it will continue its uptrend in the relevant region. In an environment where the classic dollar index maintains its negative trend, it can be expected from the EURUSD parity to maintain its uptrend, but it is also important to follow the intraday pricing behavior. In this respect, while persistence above 1.0895 supports the positive trend, persistence below 1.0860 may bring the dominance of negative pricing behavior to our agenda with the idea that the trend has ended. For this reason, we can say that the parity is currently in the decision phase. In the continuation of the trend, a rally towards the 1.1000 level, and in the event of a trend change, pressure towards the 1.0695 bottom point may occupy our agenda. Support: 1.0860 – 1.0835 Resistance: 1.0895 – 1.0920