EURUSD

We are in the middle of the week. The classic Dollar Index is following a profile that is trying to adapt to the new negative outlook. Our main focus on the fundamental headlines will be the European Central Bank Interest Rate decision on Thursday and especially the messages to be given in President Lagarde's speech regarding the timing of the next interest rate cut. Before the ECB, we will follow the CPI data from the UK and the Eurozone, the Building Permits and Industrial Production data from the US, and the Barkin and Waller speech from Fed officials on today's calendar. The daily gain for the parity, which closed at 1.0903 on the previous trading day, was 0.04%. The RSI indicator for the parity, which is above its 20-day moving average, is at 65.01, while its momentum is at 101.51. The 1.0896 level can be followed in intraday downward movements. If this level is dropped, the supports at 1.0889 and 1.0883 may become important. In possible increases, the resistance levels of 1.0915 and 1.0922 will be followed. Support: 1.0896 – 1.0889 Resistance: 1.0915 – 1.0922