EURUSD

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EURUSD

For EURUSD, the important data of the week will be the US Nonfarm Payrolls, Average Hourly Earnings, ISM Services PMI data and FOMC members' speeches, Fed Chair Powell's Presentation, ECB Monetary Policy Decisions & President Lagarde's Speech, and the UK Services PMI data. When we evaluate the EURUSD parity in the short term, although the positive trend it started at 1.0695 was broken with the recent movements, it could not gain confirmation because no permanent reaction was observed below 1.0775. As it could not gain, it brought the idea of entering the trend that ended with increases to the agenda. It should not be forgotten that permanent movements below 1.0775 are needed for adaptation to the new negative outlook (in such a scenario, the 1.0695 bottom point is on our agenda), and permanent movements above 1.0875 are needed for returning to the trend it ended (in such a scenario, the 1.1145 top point is on our agenda). Support: 1.0815 – 1.0775 Resistance: 1.0875 – 1.0895