EURUSD

On the last trading day of the week, the US Central Bank Fed's PCE data, which we know as the inflation indicator, is expected to create an effective reaction on asset prices. The indicators are important for the answer to the question of whether they will put pressure on the Fed. While the desired progress in the growth rate and the decline in inflation increase the possibility of the Fed making another interest rate cut after September, it is important whether this idea will be supported by the PCE. In addition, the sensitivity of today's data increases for President Powell's messages. The daily gain for the parity, which closed at 1.0858 on the previous trading day, was 0.12%. The RSI indicator for the parity, which is above its 20-day moving average, is at 53.81, while its momentum is at 100.27. The 1.0847 level can be followed in intraday downward movements. In case of falling below this level, the supports of 1.0836 and 1.0828 may become important. In possible increases, 1.0874 and 1.0885 will be followed as resistance levels. Support: 1.0847 – 1.0836 Resistance: 1.0874 – 1.0885