Yesterday, Italian Economy Minister Giovanni Tria, after a meeting with German Chancellor Angela Merkel, “we are behind our commitment to stay in the euro,” Euro assets recovered from today's European PMI figures after the UP-and-coming attacks continued. Looking at the data released, the euro zone service and composite PMI came above forecasts, and Manufacturing PMI resulted in parallel with expectations. In Germany, the service and composite PMI figures were better than predicted, while manufacturing PMI did not meet expectations. On the US side, while the news about trade wars was closely monitored, the European Union announced that the United States has brought a new tariff to some products in retaliation for additional tariffs. In the annual stress test conducted by the Fed to large banks, all institutions have passed the test, while developments in trade wars are closely monitored. The rest of the day will be followed by news feeds, bond market movements and technical pricing.In this context, when we look at parity technically, we see that with the work of 1.1510-1.1485 band, which corresponds to the rising trend line we have followed since the beginning of 2017, as of yesterday, we can see that upward attacks are gaining speed. Currently, 1.1690, 1.1725 and 1.1740 levels can be followed by the passage of 1.1675 resistance levels, while prices are below 1.1675 resistance levels. Below 1.1675 there are intermediate support points, 1.1610, 1.1580, 1.1560 and 1.1530, which can be followed in favor of the dollar.
