10:20, 20 July
Although the pair tested the level of 1.1763 with the European session yesterday, it closed the day at the level of 1.1796 with subsequent purchases. The selling pressure in the parity continued as the US 10-year bond yields fell below 1.20%, the lowest level since February. In addition, the increase in the number of Kovid-19 mutant patients causes sales pressure in global markets; It was observed that the Dollar Index continued to strengthen. US Senate Member Schumer's announcement that he expects the new infrastructure plan to be voted on Wednesday was one of the positive developments for the pair.
Technically, if the 1.1830 resistance level is crossed above, the buying can continue until the 1.1905 resistance level. If the 1.1750 support level is broken below, the last 3.5 months low 1.1705 support level can be followed.
- Resistance: 1.1830 – 1.1905 – 1.1970
- Support: 1.1750 – 1.1705 – 1.1600