The behavior of positive pricing that emerged in Dollar index with the statements of Fed President Powell’s after the FOMC minutes provides a chance to EURUSD parite to accelerate its onward movement. In our previous report, we have indicated that technically, the negative trend expectations are important. This Expectation is support with the latest movements and generate a willingly appearance in the parite trend pricing behavior. So that, the continuation of trend pricing behavior toward EURUSD parite in the new period is strong. Relevant trend’s top point may pass over the level of 1,1255. Also, the parite may want to decrease to the relevant level’s bottom point, to the level of 1,1123. To negative trend that we have been talk about for a long time to end, it should not be forgetten that there is a requirement of permanent movements above the level of 1,1255.
Main Scenario: If EURUSD parite continue to remain under the barrier of 1,1255, it may became willing to resuma its negative trend appearance which influenced by the parite since 21 MARCH 2019.
The Possible Targets of Main Scenario: If EURUSD continue to remain under the barrier of 1,1255, the trend rally toward the suppor points of 1,1183 and 1,1123 may be observed. The current bottom point of the negative trend may brings about psychologic level of 1,1000 in the movements below the level of 1,1123.
Alternative Scenario: In order to negative trend appearance toward EURUSD parite to end, it is required 4 -hours closing in the barrier of 1,1255.
The Possible Targets of Alternative Scenario: If URUSD parite will realize 4 -hours closing in the barrier of 1,1255, it may have a positive appearance toward barriers of 1,1323 an 1,1360.