In an environment where we are looking for answers to the question of whether the Fed will carry out any revision of the inflation, unemployment, growth and especially interest rate compared to previous economic projections for the remaining period of 2019, we observe that the dollar gains value in the international arena and continues to have a negative view of the EURUSD parity. Fibonacci The ratio of 61.8% is down to 1.1204 and the ratio of Fibonacci is 23.6% and the 1.1292 barrier is an important point of resistance.
Main scenario: If the EURUSD currency remains below the 1.1292 barrier, it may want to continue its negative outlook. With this idea, the withdrawal towards 1,1204 and 1,1170 supports can be followed. In particular, persistent movements below 1.1170 may support the possible negative outlook towards the 1.1115 level. Otherwise, reactions towards the 1.1292 barrier may be monitored. In this process, the possible resistance levels before the 1.1292 barrier were recorded as 1.1231 and 1.1258.
Alternative scenario: It should be noted that there is a need for permanent movements above 1.1292 level in order to end the negative expectation for EURUSD parity and to have a positive outlook in the foreground. However, new pricing can be tracked towards 1.1347 and 1.1375 levels, especially 1.1323.
Support: 1,1204 – 1,1170 – 1,1143
Resistance: 1,1231 – 1,1258 – 1,1292