EURUSD

The decisions of the ECB on June 6, the Fed on June 12, and the BoE on June 20 are quite important in determining the roadmap of global markets in the summer period. The uncertainty that occurs especially on the Fed side creates different changes in asset pricing behaviors. Short-term risk management becomes much more important in such times. Important indicators will take place this week as we complete May before the critical dates. Among these indicators, CPI from Germany and the Eurozone, Growth from the US, Conference Board (CB) Consumer Confidence, FOMC members / Fed officials' speeches and Fed Inflation indicator PCE (Personal Consumption Expenditures / Spending) should be followed carefully. Today, Conference Board (CB) Consumer Confidence and FOMC members' speeches can be explained as intraday developments. The 1.0869 level can be followed in intraday downward movements. In case of falling below this level, the supports of 1.0857, 1.0835 and 1.0823 may become important. In possible increases, 1.0891, 1.0903 and 1.0925 will be monitored as resistance levels. Support: 1.0857 – 1.0835 Resistance: 1.0891 – 1.0903