EURUSD

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EURUSD

In an environment where the possibility of a rate cut at the June meeting of the European Central Bank ECB is almost certain, the swap market expectations, where the pricing area is shaped by the idea that the US Federal Reserve Fed's first rate cut will be made at its September meeting, may only have 1 rate cut for the rest of the year, have strengthened the movements exactly opposite to the negative pricing behavior of the Classic Dollar Index last week and created a positive momentum again by exceeding the indicators. This attitude limits the increases in EURUSD and GBPUSD, while also questioning their current short-term outlook. Due to its closeness, the current theoretical 100-day average (104.80) / Psychologically 105 level is an area that should be followed carefully before the critical ECB and Fed meetings of the index. The 1.0814 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 1.0822, 1.0834 and 1.0842 may become important. In case of possible pullbacks, 1.0802, 1.0794 and 1.0782 will be monitored as support levels. Support: 1.0794 – 1.0782 Resistance: 1.0822 – 1.0834