– 1.1760 support is important
The debate on financing the new stimulus package in the USA and the acceleration of vaccination efforts in the USA and the continuing to improve economic data put pressure on the parity. Under 1.1850 resistance, 1.1760 support is valid.
- Support: 1,1650 – 1,15
- Resistance: 1,1850 – 1,1950 – 1,20
– 1.40 resistance will be monitored
The faster implementation of vaccination studies in the UK keeps the parity above 1.3850, while the confidence index of the business world is on the rise with the tax deferral plan. With closings above 1.3850, 1.40 will be followed as short term resistance.
- Support: 1,3750 – 1,3670
- Resistance: 1,40
– close to 110 support
Importers’ demand for dollars in Japan keeps the pair above 110, while easing the pressure created by the deceleration in the US bond yields. It can be expected to remain within the 110-111 band where there is a large amount of option redemptions.
- Support: 110 – 109,40
- Resistance: 111 – 112,50
– 1750 target locations
In order to accelerate the recovery in precious metal prices, which were positively affected by the recession, it is necessary to see the permanent decrease in ETF outflows. In silver, the $ 25 ounce resistance could be pushed up, below the 1750 target position above 1720.
- Support: 1720 – 1700 – 1685
- Resistance: 1750 – 1765
– There is an effort to react
After the profit sales after the OPEC decision, there is an effort to recover with strong economic data. The talks between the USA and Iran will be important for the upcoming period. With the data coming from China, with the expectations that energy demand will remain high, the recovery can continue, 60 has become resistance.
- Support: 59 – 57,8
- Resistance: 60 – 62 – 62,8
– Historical peak renewable
While the US markets continue to rise after the Easter holiday, we see a fluctuating course in futures index contracts. With the index settling above 4000, it is positive that the strong economic data do not contain inflationary signals, with the 4100 resistance position in the first place.
- Support: 4000 – 3940 – 3885
- Resistance: 4100
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