EURUSD Analysis 14-October-2024

As a result of the weak data from Europe and strong data from the US in the recent period, the downward movements in the EUR/USD parity have strengthened.

We will follow the ECB meeting this week. Interest is expected to be reduced by 25bps. Lagarde’s statements will be important here. We expect the pressure on the parity to continue.

Technically, as long as it remains below 1.10 in the short term, we expect the trend in the parity to remain down. Possible upward movements may provide a selling opportunity.

If there is a break below 1.0900, we expect the pressure on the parity to increase.