EURUSD

In the EUR/USD pair, the 1.0856 – 1.0896 area, where the 200-period average is located, maintains its importance as a critical support area. As long as the pair remains above this area, the positive outlook may continue and upward movements towards the levels of 1.1012 and 1.1050 may be observed. In particular, permanent movements above the level of 1.1050 may be considered as an important signal that the trend rally will continue. However, if the pair cannot exceed this level, a pullback and reaction sales may occur towards the 1.0856 – 1.0896 area. In this case, the 200-period average may be monitored as short-term support. If the Dollar Index falls below this support area without a permanent strengthening, the low level of 1.0665 in June may come to the fore.