While the statements supporting the interest rate cut expectations in the Eurozone strengthened the upward trend in EUR/USD, attention is now turned to the US inflation data to be released during the day. Technically, it is seen that the 1.0966 level is a critical area where sellers are located. If this area breaks upwards, an increase in dominance towards 1.1096 levels can be expected in pricing. On the other hand, for sales-oriented scenarios, it is possible that short-term selling pressures will occur up to 1.0773 levels with the reactions that may come from the current area.
In GBP/USD, I observe that the upward movements continue strongly in medium-term expectations. However, it is seen that horizontal fluctuations may become more pronounced under the 1.2948 supply area. If this level breaks upwards, it is possible that pricing will accelerate towards 1.3083 levels and continue its positive trend. In terms of downside scenarios, although there is no clear indication at the moment, possible reactions from the 1.2948 level may cause the price to retreat in the short term towards the 1.2723 levels.
While the market is focused on the US inflation data to be announced today, I observe that the pricing in USD/JPY continues to rise by maintaining its volume under the 148.49 supply zone. In case this zone breaks upwards, it seems likely that positive dominance will continue up to the 149.992 levels. However, against the selling reactions, there is also the possibility that potential structures that may come from the current zone may pull the price back towards the 146.335 levels.
The effect of positive fluctuation in ounce gold prices seems to have lost strength ahead of the US inflation data to be announced during the day. While the 2928 level has become a critical area where sellers are concentrated, reactions from this level may cause the price to decline cyclically towards the 2873 levels. In order for optimistic pricing to continue, the 2928 level must first be broken upwards. In such a case, the price moving towards the 2961 levels can be technically supported.
While attention is turned to the US crude oil inventory data to be announced during the day, the effect of the volume declines in oil continues to increase day by day. The 65.29 level stands out as a critical support point where buyers can step in. If this region is maintained, it can be expected that the optimistic price flow will continue its positive trend towards the 70.29 level. However, in terms of downward scenarios, if the 65.29 demand region is broken, the probability of the declines gaining momentum and deepening towards the 63.83 level will increase.
Following the statements made by the Ripple CEO, I observe that Bitcoin has started to rise again cyclically. With these statements, a short-term positive momentum was seen in pricing. However, since there is no clear search for balance yet, the continuation of short-term selling pressures towards the 76122 levels with possible reactions from the 86271 levels stands out as a possible scenario. On the other hand, in order for a new uptrend to occur, the price must break the 86271 level. With the break of this level, it can be expected that prices will continue with positive dominance up to the 93388 levels.
While the effect of the ECB interest rate cuts has a significant impact on the markets, I observe that the DAX index, which is followed by the effect of volume declines, continues to be suppressed under the 22845 supply zone. As long as this zone remains below, it is expected that the downward dominance will continue towards the 22264 levels. However, there is currently no technical signal for optimistic pricing. For bullish scenarios, it is stated that the 22845 level must be broken upwards. If this break occurs, it will be possible for prices to continue with positive dominance towards the 23,210 levels.
While concerns about tariffs on Wall Street deepened selling pressures on Nasdaq, market eyes are focused on US inflation data to be released during the day. The 19119 demand zone stands out as one of the levels where buyers are in an important position. Reactions from this zone could lead to pricing gaining momentum towards 20152 levels with potential reversals. However, considering the current momentum, the probability of closing below the zone triggering a deeper decline towards 18184 is increasing.
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