EURUSD

While the presentation that Fed Chair Powell will make first in the Senate and then in the House of Representatives and the Consumer Inflation data for June from the US are seen as the most important topics to be followed between Tuesday and Thursday, both the messages that the President will give and the latest developments in inflation should be followed carefully to answer the question of whether the Fed's 2nd interest rate cut is supported. The daily gain for the parity, which closed at 1.0829 on the previous trading day, was 0.03%. The RSI indicator for the parity, which is above its 20-day moving average, is at 58.32, while its momentum is at 101.26. The 1.0818 level can be followed in intraday downward movements. If this level is dropped, the supports at 1.0807 and 1.0798 may become important. In possible increases, 1.0838, 1.0847 and 1.0858 will be watched as resistance levels. Support: 1.0818 – 1.0807 Resistance: 1.0838 – 1.0847