EURUSD

At the beginning of the new week, the Belgian Prime Minister resigned as the far-right came to the fore in the elections held by the 27-country European Union for the European Parliament, while French President Macron announced that he had dissolved the National Assembly and that early elections would be held in the country between June 30 and July 7. The positive outlook of the Dollar Index for the new week and the pressure on the Euro drew attention on the first trading day. Although we started a new week with activity, it should not be forgotten that the main focus of the markets is the Fed Interest Rate Decision in the middle of the week, the FOMC Economic Projections and Fed Chair Powell's speech. Although there is no high-level news on the calendar today, the news flow we will follow specifically for Europe after the European Parliament elections may be important on today's agenda. The 1.0761 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 1.0775, 1.0796 and 1.0809 may become important. In case of possible pullbacks, 1.0740, 1.0727 and 1.0706 will be monitored as support levels. Support: 1.0740 – 1.0727 Resistance: 1.0761 – 1.0775