Yesterday, while intensive in terms of data flow, retail sales announced in Germany did not meet expectations on a monthly basis. In addition, the country's leading inflation figures were followed, while the monthly forecasts on the basis of good realization was seen here. On the other hand, in the reports of the Italian elections, the right-wing bloc, which won the election, said it could form a minority government, while di Maio, the leader of the 5 star movement, known for its opposition to the EU, called on Northern League leader salvini to support the demand for early elections. On the US side, the PCE and core PCE figures announced yesterday were parallel to expectations, while the housing sales in the Hangover were below market forecasts. In today's calendar, there is no significant data flow in the euro zone, followed by manufacturing PMIs(Purchasing Managers indices), which will be explained separately by the Source Management Institute and Markit in the United States. In addition, the issue of trade wars and the expectations of FOMC meetings that will start today will be on the agenda.Technically, we follow two figures in the pair. The rising channel starting in June 2017 and falling channel starting in late January 2018. In this context, the 1.2070-1.2050 region, which corresponds to the intersection point of both, will be critical. In case of breakage in this place, sales-directional transactions can be deepened. In this case, the first support points can be followed at 1.2030, 1.2000 and 1.1985 levels. Resistance of 1.2090, 1.2140, 1.2165 and 1.2190 can be followed, respectively.
