EURUSD
As we complete July as of the new week, a very busy calendar awaits us for global markets. In terms of macro indicators, our focus will be on Nonfarm Payrolls and Average Hourly Earnings from the US, CPI from the Euro Zone, and PMI from China, while the Fed, BoE, and BoJ can be explained as critical headings in the Central Bank theme. While no interest rate change is expected from the Fed in the Central Bank traffic, we will follow whether the Bank / Powell will give an interest rate cut signal for September in light of the latest indicators. The downward movement observed in the dollar index supports the parity upwards. The daily gain for the parity, which closed at 1.0860 on the previous trading day, was 0.04%. The RSI indicator for the parity, which is above its 20-day moving average, is at 54.18, while its momentum is at 99.92. The 1.0871 level can be followed in intraday upward movements. If this level is exceeded, the 1.0882 and 1.0892 resistances may become important. In case of possible pullbacks, 1.0840 and 1.0830 will be monitored as support levels. Support: 1.0840 – 1.0830 Resistance: 1.0871 – 1.0882