DXY

DXY

We are leaving behind a week in which we have reached the answer to the question of whether inflation will continue to scare the markets in the US. The Classic Dollar Index fell below the 34 and 100-day averages (104.28 - 104.86) that we base it on, but could not show a permanent reaction below the uptrend low point (103.90) for confirmation. This attitude could not support the continuation of the rises of the EURUSD and GBPUSD parities. In this respect, in answering the question of what kind of a road map should be formed in the parities in the new period, we need to follow the pricing behavior outside the 103.90 - 104.90 levels in the Dollar Index. It is currently struggling right in the middle of this region. The 104.360 level can be followed in intraday downward movements. In case of falling below this level, the support of 104.110 may become important. In possible increases, 104,780 and 104,950 will be monitored as resistance levels. Support: 104,360-104,110 Resistance: 104,780-104,950