EURUSD

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EURUSD

The EUR/USD pair is moving under the influence of significant economic developments in the US and the Eurozone. In the US, inflation and interest rate policy expectations before the Fed meeting affect the pair, while in the Eurozone, the ECB's rate cut and President Lagarde's messages are being monitored. The expectation of a quarter-point rate cut for the Fed meeting is high, which supports the current strong trend of the dollar. Additionally, a mixed trend is observed in European indices, and particularly China-based economic developments are causing fluctuations in global markets.

From a technical perspective, the EUR/USD pair is moving around the 1.0460 level. The first resistance in the pair is at 1.0535, with higher resistance levels to be monitored at 1.06 and 1.064. On the downside, the levels of 1.0485 and 1.044 are noteworthy support levels, especially movements below 1.044 could increase the potential for a drop to 1.039. The RSI indicator is at the 40 level and shows a negative outlook. It is observed that there has been a 0.04% decrease compared to the previous day, signaling the potential continuation of downward movements in the pair.

Support :

1.0485 - 1.044 - 1.039

Resistance :

1.0535 - 1.06 - 1.064