EURUSD
Despite the nonfarm payrolls data coming in above expectations on Friday, with the slowdown in wage growth and the increase in unemployment, we observe that the probability of a Fed September rate cut is 68% on the CME FedWatch side, 70% after Fed Chair Powell's presentation in the Senate and 70% right now before the critical US CPI data. Although the Fed is making cautious statements, the markets are willing to make an additional rate cut, but this idea needs to be supported. Today, there is the US CPI data for June. The daily gain for the parity, which closed at 1.0836 on the previous trading day, was 0.06%. The RSI indicator for the parity, which is above its 20-day moving average, is at 58.86, while its momentum is at 101.15. The 1.0827 level can be followed in intraday downward movements. If this level is dropped, the 1.0818 and 1.0810 supports may become important. In possible increases, 1.0844, 1.0852 and 1.0861 will be monitored as resistance levels. Support: 1.0827 – 1.0818 Resistance: 1.0844 – 1.0852