EURUSD

This week, both the continuation of current geopolitical risks and expectations for central banks along with important economic indicators will be monitored. Before the official Fed meeting on May 1, the US Growth, Services PMI, PCE Inflation, Germany Manufacturing PMI, and the UK Services PMI data from the UK should be followed carefully for the course of the Dollar Index and EURUSD parity. The classical Dollar Index continues its scenario of blinking at the level of 107 tested in October 2023 on the 34 and 100-day averages (103.90 - 104.32 region), while it also keeps the weak reaction / strong trend theme in the foreground with its desire to stay above 105.50. Whether the current scenario will continue this week is important for the EURUSD course. The 1.0663 level can be monitored in intraday downward movements. In case of falling below this level, the supports of 1.0655, 1.0643 and 1.0635 may become important. In possible increases, 1.0675, 1.0683 and 1.0695 will be monitored as resistance levels. Support: 1.0655 – 1.0643 Resistance: 1.0675 – 1.0683