EURUSD

We have left the most important development of the week (Fed) behind. The reaction of the Classic Dollar Index limited the declines in EURUSD. Despite the reaction (decline) observed on the index front, optimism continues on the 34 and 100-day averages (104.14 - 104.94 region). In this respect, the expectation of reaching the 107 level tested in October 2023, therefore, the idea of a strong dollar and a weak Euro and Sterling remains on the table. After the Fed, our main focus will be on Friday's Nonfarm Payrolls and Average Hourly Earnings data. Today, Manufacturing PMI from Germany and Unemployment Claims from the US may be on our radar. The 1.0715 level can be followed in intraday downward movements. If this level is dropped, the supports of 1.0708, 1.0700 and 1.0692 may become important. In possible increases, 1.0724, 1.0731 and 1.0740 will be monitored as resistance levels. Support: 1.0700 – 1.0692 Resistance: 1.0731 – 1.0740