EURUSD

Within the Economic Projection, the Fed shares the expectation of 1 interest rate cut by the end of the year, but the fact that 8 members are positive about 2 cuts is currently occupying our agenda as an excuse for the markets to expect 2 interest rate cuts (September and December). While the inflation indicator on one hand and the changes in the employment market on the other hand clarify the timing of possible actions on the Fed side, the messages that the Fed officials will give regarding the process will also be followed carefully in terms of guiding the markets. The daily loss for the parity, which closed at 1.0710 on the previous trading day, was 0.02%. The RSI indicator for the parity, which is below its 20-day moving average, is at 42.39, while its momentum is at 99.50. The 1.0696 level can be followed in intraday downward movements. If this level is dropped, the supports of 1.0682 and 1.0671 may become important. In possible increases, 1.0722, 1.0733 and 1.0747 will be followed as resistance levels. Support: 1.0696 – 1.0682 Resistance: 1.0722 – 1.0733