Main Scenario: As long as it stays above 1.3146 level, our main expectation is POSITIVE!
Target Expectation: 1,3226 – 1,3291 – 1,3355
Considerations Supporting The Scenario: In the RVI indicator, the desire of the green line to cross the red line upwards and the BUY signal to be included in the agenda, as well as the expectation of the reaction to continue to the upper trend point in the trend, can be explained as supporting the positive scenario.
Alternative Scenario: The alternative expectation is NEGATIVE if the 4 hours below 1.3146 is realized.
Alternative Target Expectation: 1,3090 – 1,3045 – 1,3017
MOST IMPORTANT NEWS OF THE WEEK:
- Trade balance from the Euro zone and Eurogroup meeting,
- Core Retail Sales, Retail Sales and Michigan Consumer Sentiment data from US