EURUSD

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EURUSD

For EURUSD, on the last business day of March, the US Personal Consumption Expenditures (PCE) Price Index, which is the Fed's preferred inflation indicator, will be announced today while the markets are closed. Since the data will come while the markets are closed, we think that the short-term volatility will be high since the volume will be low. It is observed that the parity is declining due to the appreciation of the dollar. The upward movement observed in the dollar index is pressuring the parity downward. The daily loss for the parity, which closed at 1.0777 on the previous trading day, was 0.13%. The RSI indicator for the parity, which is below its 20-day moving average, is at 38.85, while its momentum is at 98.44. The 1.0782 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 1.0790, 1.0804 and 1.0812 may become important. In case of possible pullbacks, 1.0768, 1.0760 and 1.0746 will be monitored as support levels. Support: 1.0768 – 1.0760 Resistance: 1.0790 – 1.0804