EURUSD

Following the US Consumer Inflation data, the willingness of the Fed to cut interest rates allowed the Classic Dollar Index to be suppressed and the positive trend to end. This attitude strengthened the optimism on the EURUSD and GBPUSD sides. During the week, following the ECB Interest Rate decision, President Lagarde, Fed Chairman Powell's speech at the Washington DC Economic Club, and the US Core Retail Sales and the CPI data from the Euro Zone and the UK can be explained as important indicators to be followed during the week. The daily gain for the parity, which closed at 1.0891 on the previous trading day, was 0.01%. The RSI indicator for the parity, which is above its 20-day moving average, is at 62.76, while its momentum is at 101.78. The 1.0883 level can be followed in intraday downward movements. In case of falling below this level, the supports of 1.0875 and 1.0868 may become important. In possible increases, 1.0908, 1.0915 and 1.0923 will be monitored as resistance levels. Support: 1.0883 - 1.0875 Resistance: 1.0908 - 1.0915