The US data was followed yesterday, while Easter holidays starting on Friday caused shallow prices on the parite side. The manufacturing Purchasing Managers Index (PMI), which was announced by the resource management Institute (ISM), did not meet market expectations with 59.3 and 60.1. The manufacturing PMI data announced by Markit was also below expectations. On the other hand, trade wars between the United States and China continue to intensify. In the euro zone, the outcome of the coalition talks in Italy, which is expected to start officially tomorrow, is one of the most interesting issues on the market side. Today, following the end of Easter holidays, European PMI figures and German retail sales will be followed. On the US side, there is no significant data flow, but the statements of Minneapolis Fed President Neel Kashkari and FOMC Member Lael Brainard may be important. Technically, we see close to 1.2290 support, which confirms the break of the rising channel in the short term. If the channel continues, 1.2335, 1.2360 and 1.2415 levels may come to the fore. Especially with the passage of 1.2415, the region 1.2505 - 1.2535, which represents the upper band of the rectangular formation that has been going on for 2.5 months, can be tried again. The region 1.2190-1.2170, which cuts the lower band of the rectangular formation, can become a new target. However, preliminary support for 1.2260 and 1.2220 may be important.
