EURUSD Analysis 19-September-2024

While weekly unemployment applications in the US came in at 219 thousand, below expectations of 230 thousand, the Philadelphia Fed manufacturing index came in at 1.7, above expectations of -0.8. Following this data, we are seeing positive pricing in the dollar index.

BoE and TCMB, as expected, left interest rates unchanged at 5.00% and 50.00% respectively in today’s meetings.

We see that the volatility experienced in the markets has decreased with the Fed last night.

Fluctuations continue in the parity. From a technical perspective, as long as the 1.12 resistance is not passed, we can see selling opportunities on the rise. If 1.11 is broken below, 1.070 can be tested.