Euro / Dollar – 1.19 Resistance Matters

1.19 resistance is important

While the pair is approaching long term averages, there is a recovery after the bottom formation effort. However, the fragility will continue as long as 1.19 resistance is not exceeded. US data will be watched before tomorrow, positive developments regarding fiscal incentives are positive.

  • Support: 1,1850 – 1,1760
  • Resistance: 1,19 – 1,20 – 1,2060

– Searching for balance over 1,3850

There is a fluctuating course in the pair with the positive developments regarding the fiscal stimulus package in the USA and the vaccination plan of President Biden. In addition to the rapid vaccination efforts in the UK, which is the factor driving the parity up, the potential negative effect of ongoing bureaucratic contacts with the EU also prevents the strong recovery of the parity.

  • Support: 1,3850 – 1,3750 – 1,3690
  • Resistance: 1,40 – 1,4130

– 108.50 support will be monitored

Continuation of the demand is important after the Gotobi fixing, and the expectation of a more hawkish stance by BoJ is decreasing. With US bond yields maintaining their high levels, the 108.50 support can be expected to prevail, with 110 significant resistance.

  • Support: 108,50 – 107,40
  • Resistance: 110

– 1720 resistance must be exceeded

While the recovery in precious metal prices remains a technical correction, with ETF entries not supporting the movement, resistances prevailing for silver at $ 26.20 and below on an ounce basis of $ 1720. Staying above 1700 is important for preserving short-term optimism.

  • Support: 1700 – 1685 – 1670
  • Resistance: 1720 – 1750

– Profit selling continues

According to the opinion, there is a decrease in stocks, but with the expectation of an increase, the prices continue to decrease after the strong opening of the week. For Brent oil, 65 – 68 dollars / barrel and 62.5 – 65 dollars / barrel band can be expected for US crude oil.

  • Support: 62,5 – 61
  • Resistance: 65 – 67

– 3860 became support

Divergence continues in US indices, while the S&P 500 partially participated in the Tesla-driven sharp rise in Nasdaq, movement at Dow Jones was very limited. With the closing above 3860 for the S&P 500 index, 3900 will be watched as short-term resistance, US bond auctions may create volatility.

  • Support: 3860 – 3800 – 3750
  • Resistance: 3900 – 4000

Original Article

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