EURUSD

We have left behind a day in which we followed the final results of the manufacturing PMI data. We observed a recovery from the bottom indicating that the contraction rate has decreased in Germany and the Euro Zone, and the continuity in the contraction zone and the increase in the contraction rate in the US. In addition, the fact that Germany's annual CPI data remained below expectations at 2.2% can be explained as a development supporting the ECB interest rate cut tempo. The fact that the Dollar Index remained above the reference indicators with the daily news flow allowed the pressure on the EURUSD and GBPUSD pairs to continue. The daily loss for the pair, which closed at 1.0729 on the previous trading day, was 0.10%. The RSI indicator for the pair, which is below its 20-day moving average, is at 46.59, while its momentum is at 100.23. The 1.0738 level can be followed in intraday upward movements. If this level is exceeded, the 1.0747 and 1.0752 resistances may become important. In case of possible pullbacks, 1.0720 and 1.0711 will be monitored as support levels. Support: 1.0720 – 1.0711 Resistance: 1.0738 – 1.0747