EURUSD

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EURUSD

Today, all eyes in the markets will be on the US Consumer Price Index (CPI) data to be announced at 15:30 Turkish time. An inflation figure exceeding expectations (higher than 2.5% year-on-year) could strengthen the expectation that the Fed will delay interest rate cuts, potentially increasing the dollar's value globally. In this scenario, a break of the 1.14170 pivot level could create selling pressure in the pair towards 1.13863 (Support 1) and 1.13424 (Support 2) levels. On the other hand, a expected or more pronounced slowdown in inflation would put pressure on the dollar, pushing the pair higher. In this case, the levels of 1.14609 (Resistance 1) and then 1.14916 (Resistance 2) would become significant targets for the day.

Support :

1.13863 - 1.13424 - 1.13051

Resistance :

1.14916 - 1.14609 - 1.14170