EURUSD

The CPI data, which remained above expectations and continued its solid outlook, and the delay in the Fed interest rate cut had a significant impact on global market pricing behavior. The CPI data for April to come from the US in the middle of the week is expected to affect every financial asset from A to Z. The classical Dollar index continues its course above the 34-day average (104.25 - 104.98 region) by accepting the 34-day average as the bottom before the critical CPI data. This attitude keeps the expectation of reaching the 107 level tested on October 3, 2023 on the table. Therefore, the possibility of creating pricing behavior in the negative region by limiting the increases of EURUSD and GBPUSD parities is one step ahead. When we look at today, the FOMC member statements that we will follow throughout the week can be examined. The 1.0771 level can be followed in intraday upward movements. If this level is passed, resistance levels of 1.0776, 1.0782 and 1.0787 may become important. In case of possible pullbacks, support levels of 1.0765, 1.0760 and 1.0754 will be monitored. Support: 1.0765 - 1.0760 Resistance: 1.0782 - 1.0787