EURUSD

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EURUSD

The most important developments of this week are the US 2nd Quarter Growth (First Reading) on Thursday, and the Fed's Inflation indicator PCE, German Manufacturing PMI, US and UK Services PMI on Friday, while the markets carried 3 discounts to the pricing area for the Fed, the Fed itself shared its idea of 1 discount in its projections. In this respect, we will closely examine the news to come until the meeting time. If we return to today's calendar, the Second-Hand Home Sales data from the US can be followed. The daily gain for the parity, which closed at 1.0893 on the previous trading day, was 0.01%. The RSI indicator for the parity, which is above its 20-day moving average, is at 59.61, while its momentum is at 100.48. The 1.0898 level can be followed in intraday upward movements. If this level is exceeded, the 1.0904 and 1.0910 resistances may become important. In case of possible pullbacks, 1.0881 and 1.0875 will be monitored as support levels. Support: 1.0881 – 1.0875 Resistance: 1.0898 – 1.0904