EURUSD

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EURUSD

We are in the middle of the week for EURUSD. Although the Classic Dollar Index continues its upward trend above the 34-day average, the pressure it received at 104.85 yesterday caused a reaction purchase in EURUSD and GBPUSD pairs. Whether this reaction changes the expectation of a short-term negative outlook for the pairs, the macro-economic developments in the remaining days of the week should be followed carefully. Our main focus will be on Friday's Non-Farm Employment, Average Hourly Earnings and Unemployment Rate data. Today, the CPI from the Euro Zone, the ADP Non-Farm Employment Change from the US and the ISM Non-Manufacturing PMI data, as well as the speeches of Fed Chair Powell and FOMC members Bostic, Bowman, Barr and Goolsbee should be followed carefully. The 1.0774 level can be followed in intraday downward movements. If this level is dropped, the supports at 1.0767, 1.0759 and 1.0752 may become important. In possible increases, 1.0782, 1.0789 and 1.0797 will be monitored as resistance levels. Support: 1.0759 - 1.0752 Resistance: 1.0789 - 1.0797