EURUSD
The indicators we explained as references for the Classic Dollar Index, the 34 and 100-day exponential moving averages (104.56 - 104.99 region), maintain their importance, while the index continues its positive outlook on the relevant indicators. This attitude keeps the idea of a possible journey towards the October 3, 2023 peak of 107 on the agenda, while persistence above the 105.75 level may strengthen this idea. Otherwise, pressure may occur again towards the indicators. It should not be forgotten that permanent movements below the averages are needed for our current scenario to be considered invalid. The daily loss for the parity, which closed at 1.0745 on the previous trading day, was 0.01%. The RSI indicator for the parity, which is below its 20-day moving average, is at 48.57, while its momentum is at 100.10. The 1.0754 level can be followed in intraday upward movements. If this level is exceeded, the 1.0763 and 1.0770 resistances may become important. In case of possible pullbacks, 1.0721 and 1.0708 will be monitored as support levels. Support: 1.0721 – 1.0708 Resistance: 1.0754 – 1.0763