EURUSD Analysis 20-September-2024

We have been observing fluctuations between the 1.12 and 1.10 levels in the EURUSD parity for about a month. The parity, which fell rapidly after the Fed, then recovered again. In the short term, the 1.12 resistance will be decisive.
We have seen sales coming from the 1.12 threshold twice this week. As long as it remains below 1.12, we may see partial pullbacks. However, we are in a process where the declines are not strong and the buying demand comes quickly. In possible pullbacks, buying demand may come into play again above the 1.11 and 1.10 levels.
If the 1.12 resistance is exceeded in the parity, the upward momentum will strengthen.