EURUSD

We are on the most important day of the week. The European Central Bank ECB will announce its interest rate decision today. The most important item of this meeting will be the speech of ECB President Lagarde rather than the interest rate decision. Because the answer to the question of when the second interest rate cut may be will be learned with the guidance of the President. While Lagarde gave important clues in previous meetings and prepared the markets for the next move, the President's reaction to the September interest rate cut scenario, which is insisted on in the swap market, is important. The daily loss for the parity, which closed at 1.0934 on the previous trading day, was 0.05%. The RSI indicator for the parity, which is above its 20-day moving average, is at 67.55, while its momentum is at 101.76. The 1.0941 level can be followed in intraday upward movements. If this level is exceeded, the 1.0947 and 1.0952 resistances may become important. In possible pullbacks, 1.0930, 1.0925 and 1.0919 will be followed as support levels. Support: 1.0930 – 1.0925 Resistance: 1.0941 – 1.0947