DXY

While our main focus before the June meeting where we can comment on the pace of the US Federal Reserve until the end of the year will be the CPI data on Wednesday, May 15, the Classic Dollar Index continues to accept the 34-day average as the bottom in a calm week and continues its course above the 34 and 100-day averages (104.25 - 104.98 region). This attitude keeps the expectation of reaching the 107 level tested in October 2023 on the table. Therefore, the possibility of creating pricing behavior in the negative region by limiting the increases of the EURUSD and GBPUSD parities is one step ahead. We will follow the basic macroeconomic developments to see if this idea will be supported. The 105.360 level can be followed in intraday downward movements. If this level is dropped, the 105.110 support may become important. In possible increases, 105,680 and 105,950 will be monitored as resistance levels. Support: 105,360-105,110 Resistance: 105,680-105,950