EURUSD

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EURUSD

The EUR/USD pair continues to be under pressure due to positive price movements in the dollar index and the uncertainties created by the upcoming PMI data. The expectation that the European Central Bank will cut interest rates by the end of the year is causing the euro to remain weak, while the U.S. presidential elections and the Fed's interest rate decision are also closely watched by the markets. In particular, the dollar index staying above the 103.25 level strengthens the dollar and contributes to the continuation of the downward pressure on the EUR/USD pair.

Technically, the EUR/USD pair is trading below the 34-period moving average in the 1.0830 region, with 1.0780, 1.0735, and 1.0690 levels being monitored as support in downward movements. In upward recoveries, 1.090, 1.094, and 1.099 levels can be watched as resistance points. The RSI indicator is currently neutral at the 50 level. It is observed that the pair has gained 0.58% in value during the day, but the overall outlook still maintains a negative trend.

Support :

1.087 - 1.083 - 1.078

Resistance :

1.09 - 1.094 - 1.099