USD/TRY: In Turkey, today's most important event will be the inflation program to be announced at 13:00 (GMT+3) local time. Turkish Finance Minister said yesterday new inflation roadmap to be announced.
Keep your eye on the daily support level of 6.0268 in the USD/TRY pair. In order for the Turkish Lira to gain more value versus the US Dollar, it needs to break down 6.0268 and stay below that level on a daily basis. Otherwise, we will see 6.4346 as a daily resistance level.
Support: 6.0268 - 5.7266 - 5.4171
Resistance: 6.4346 - 6.7102 - 7.0361
EUR/USD: The EUR/USD pair showed a downward movement and hit a seven-week low-level yesterday. If the pair continues to fall below 1.1483, we will see 1.1446 as a key support level. On the other hand, if the currency moves up above 1.1483, the key resistance level can be found at 1.1531. However, As long as the price stays below 1.1531, on a four hourly basis, the selling pressure is most likely dominate.
Support: 1.1446 – 1.1367 - 1.1262
Resistance: 1.1531 – 1.1607 - 1.1720
GBP/USD: The GBP/USD pair dropped to the main support level of 1.3050 and then jumped back up yesterday. We will focus on the 1.3050 key level. If the price is able to stay above 1.3050 on a four hourly basis, we will follow the resistance level at 1.3152. On the other hand. If the price breaks down 1.3050, the next support level is holding at 1.2961.
Support: 1.3050 - 1.2961 - 1.2844
Resistance: 1.3152 -1.3241 - 1.3338
Crude Oil: The Crude Oil Price found buyers from the 73.41 support level yesterday and it is moving towards the 74.94 daily resistance level. In order for the upward movement to gain more momentum, it needs to rise and sustain above 74.94 on a daily basis. Otherwise, we will follow again 73.41 as a key support level.
Support: 73.41 - 71.65 - 70.50
Resistance: 74.94