EURUSD

image

EURUSD

We left the most important development of the week behind. The US Federal Reserve did not make any changes to the interest rate in line with market expectations, but opened the door to a September interest rate cut on the condition that the data is supportive on the guidance side. While the swap market continues to think about 3 interest rate cuts, the Fed continues to have question marks about going to such an enthusiastic series of cuts. After the Fed, the UK Central Bank BoE interest rate decision and President Bailey's speech will be on the agenda today, and tomorrow will be Non-Farm Employment, Average Hourly Earnings and Unemployment Rate data. The daily gain for the parity, which closed at 1.0832 on the previous trading day, was 0.06%. The RSI indicator for the parity, which is below its 20-day moving average, is at 49.82, while its momentum is at 99.39. The 1.0824 level can be followed in intraday downward movements. In case of falling below this level, the supports at 1.0815 and 1.0809 may become important. In possible increases, 1.0838, 1.0845 and 1.0853 will be monitored as resistance levels. Support: 1.0824 - 1.0815 Resistance: 1.0838 - 1.0845