The uncertainty in the German political arena still remains to be resolved, despite the positive statements from ECB officials recently, but continues to exert pressure on euro assets. In addition, concerns about the financial policies of economically troubled countries such as Italy and Spain are among the factors that create unease on the market side. On the US side, President Donald Trump-axis events, including developments in trade wars especially with China and the EU, have a wide repercussions on the market side. Yesterday data released in the country are generally below expectations, while the eyes will be on Durable Goods Orders and pending housing sales data and statements by some FED/FOMC officials. While there is no significant data flow in the euro zone economic calendar, news flows from the German political arena and bond market movements can be followed. In addition, global issues such as trade wars should also be monitored in terms of pricing.Technically, when we look at the pair, we saw retreats yesterday with the failure of the critical 1.1730 resistance. Today, resistance areas 1.1685 and 1.1710 can be followed for the pair, which is currently testing 1.1655 level. In favor of the USD, 1.1630, 1.1610 and 1.1580 Support levels can be monitored for trading below 1.1655 level.
