EURUSD

We will reach the result of the US Federal Reserve Fed's inflation indicator PCE data today. The PCE inflation data, which will be followed closely as the most important development of the week, may create instant reactions in the Dollar Index, US Bond Interest Rate and therefore parity, commodity and stock market indices. The Classic Dollar Index is following a process that tries to exceed the upper region in the fluctuation between 105.00 - 103.90 before the data. Although the daily closing above the 34-day average supports the positive trend view, it has not been observed to be permanent above 105 yet. In this respect, it can answer the question of whether it can confirm a positive trend above 105 with the PCE data today or question a positive trend by approaching the 103.90 level. EURUSD and GBPUSD parities may also want to clarify their short-term outlooks even more depending on the movement in the index. The 1.0821 level can be followed in intraday upward movements. If this level is passed, resistance levels of 1.0831, 1.0847 and 1.0857 may become important. In case of possible pullbacks, support levels of 1.0806, 1.0796 and 1.0780 will be monitored. Support: 1.0806 - 1.0796 Resistance: 1.0831 - 1.0847