04.26.2021 EURUSD Analysis
The upward movement in the Euro strengthens after the withdrawal in the US 10-year bond yields and the horizontal movement in the dollar index. In the statements made by the head of the European Central Bank, Lagarde, he stated that the growth will accelerate with the vaccination.
The US and Euro Area growth and Euro Area CPI index data will be closely monitored during the week, especially at the FOMC meeting.
If we look at it technically, if the upward movement continues, 1.2130 and 1.2155 resistance levels should be followed, whereas if the selling pressure continues, 1.2085 and 1.2055 support levels should be tested.