EURUSD

In terms of the timing of interest rate cuts by major central banks, it is expected that the ECB will take action in its June meeting, the BoE in its August meeting, and the Fed in its September meeting. In particular, the US Federal Reserve's postponement of the Fed's timing highlights the interest rate cuts of other major banks, while this situation is recorded as a development supporting positive optimism in the Classic Dollar Index, while the medium-term increases in EURUSD and GBPUSD parities are a development supporting the medium-term transition expectations from the Euro and Sterling to the US Dollar. In the new week's dynamics, whether the Fed will support the postponement of the interest rate cut, especially in light of recent developments, is important in order to interpret the course of the index and parities. In intraday downward movements, the 1.0716 level can be monitored. In the event of a drop below this level, the supports of 1.0702, 1.0678 and 1.0664 may become important. In possible increases, 1.0741, 1.0755 and 1.0779 will be monitored as resistance levels. Support: 1.0702 – 1.0678 Resistance: 1.0741 – 1.0755