EURUSD

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EURUSD

In the middle of the week, the upward movement of the US 10-year Treasury bond yield put pressure on the EURUSD pair. After the markets eased their recession concerns, the effect of the increase in the 10-year yield began to be felt. On the other hand, the Dollar Index is also putting pressure on it with the support of the recovery in the 10-year interest rate. It is observed that the parity is falling due to the appreciation of the dollar. The upward movement observed in the dollar index is putting downward pressure on the parity. The daily loss for the parity, which closed at 1.0915 on the previous trading day, was 0.15%. The RSI indicator for the parity, which is above its 20-day moving average, is at 58.24, while its momentum is at 100.22. The 1.0921 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 1.0931, 1.0946 and 1.0956 may become important. In case of possible pullbacks, 1.0895 and 1.0880 will be monitored as support levels. Support: 1.0895 – 1.0880 Resistance: 1.0921 – 1.0931