EURUSD

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EURUSD

The EUR/USD pair continues to be under pressure with the optimism in the Dollar Index. In particular, expectations regarding the results of the presidential elections in the US and scenarios related to Trump's potential re-election are strengthening the Dollar. While markets closely follow the preliminary Manufacturing and Services PMI data, the pair is expected to show a negative trend if the positive trend in the Dollar Index continues following the release of these data. Additionally, expectations about the ECB's interest rate decisions are also putting pressure on the Euro.

From a technical perspective, the EUR/USD pair is hovering near the 1.0735 support level. The 1.0705 and 1.0675 levels stand out as additional support points to be monitored further down. For upward movements, the resistance levels of 1.08, 1.087, and 1.094 should be watched. The RSI indicator is at 38, depicting a negative outlook. The pair shows a decline of approximately 1.53% compared to the previous day, indicating that the selling pressure persists. In this context, tracking price movements within the framework of support and resistance levels will be crucial for assessing potential trend changes.

Support :

1.0735 - 1.0705 - 1.0675

Resistance :

1.08 - 1.087 - 1.094