EURUSD

This week is important for both whether current geopolitical risks will continue and how much expectations for central banks can be updated along with important economic indicators. 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 classic Dollar Index continues its scenario of blinking at the 107 level 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 1.0650 level can be followed in intraday downward movements. If this level is broken, supports at 1.0643, 1.0635 and 1.0615 may become important. In possible increases, resistance levels will be monitored at 1.0675, 1.0683 and 1.0695. Support: 1.0643 – 1.0635 Resistance: 1.0675 – 1.0683