EURUSD

The CPI for May, followed by the Fed Interest Rate Decision, FOMC Economic Projections and Fed Chair Powell's speech were announced as the most important developments of the week in the middle of the week, while the fact that the Classic Dollar Index did not react above 105.05 limited the declines in the EURUSD parity. On the other hand, despite the short-term declines in the GBPUSD, the absence of very sharp differences on the BoE front and the postponement of the interest rate cut timing together with the latest CPI data ensure that the Sterling remains strong. While it is expected that the critical developments in the middle of the week will affect most asset prices from A to Z, we can say that the second trading day of the week will be a calm data day except for the news flow regarding the UK employment market. The 1.0761 level can be followed in intraday downward movements. If this level is dropped, the supports of 1.0753 and 1.0747 may become important. In possible increases, 1.0774, 1.0780 and 1.0788 will be followed as resistance levels. Support: 1.0761 – 1.0753 Resistance: 1.0774 – 1.0780