EURUSD

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EURUSD

As is known, the main agenda items of this week are recorded as US 2nd Quarter Growth, Fed's Inflation indicator PCE (Personal Consumption Expenditures), Germany Manufacturing PMI, US and UK Services PMI (Wednesday). In today's calendar, we will focus on the leading indicator of growth in the Services and Manufacturing sector, PMI data. The dollar index, and therefore EURUSD and GBPUSD, may increase intraday volatility with leading PMI data and take another stage in the short-term buyer-seller struggle. The daily loss for the parity, which closed at 1.0845 on the previous trading day, was 0.08%. The RSI indicator for the parity, which is below its 20-day moving average, is at 51.78, while its momentum is at 100.18. The 1.0854 level can be followed in intraday upward movements. If this level is exceeded, the 1.0864 and 1.0870 resistances may become important. In case of possible pullbacks, 1.0832 and 1.0823 will be monitored as support levels. Support: 1.0832 – 1.0823 Resistance: 1.0854 – 1.0864