EURUSD

While our main focus before the June meeting where we can comment on the pace of the US Federal Reserve until the end of the year will be the CPI data on Wednesday, May 15, we are leaving behind a quiet week in terms of data before inflation. In particular, the Classic Dollar Index accepting the 34-day average as the bottom and continuing its course above the 34 and 100-day averages (104.25 - 104.98 region) brought the strong Dollar, weak Euro and Sterling theme to the fore before the CPI. For now, the Classic Dollar Index keeps the expectation of reaching the 107 level tested in 2023 on the 34 and 100-day averages on the table. Therefore, the possibility of EURUSD and GBPUSD parities limiting their increases and creating pricing behavior in the negative region is one step ahead. The 1.0779 level can be followed in intraday upward movements. If this level is exceeded, the 1.0785, 1.0795 and 1.0801 resistances may become important. In case of possible pullbacks, 1.0770, 1.0764 and 1.0755 will be monitored as support levels. Support: 1.0764 – 1.0755 Resistance: 1.0785 – 1.0795