US Inflation Surpasses Expectations, Dollar Achieves Strongest Daily Gain Since September

The US inflation exceeding expectations appears to have triggered a strong reaction in favor of the dollar; EURUSD has declined 0.59% in 24 hours to 1.1156. Although RSI at 28.8 approaches oversold territory, MACD remains below its signal line and price is under SMA20/SMA50, indicating short-term downward momentum. Oversold conditions may prompt corrective buying, so I maintain a measured bearish outlook. If support around 1.1150 breaks, selling pressure could intensify; a close above 1.1200 would shift the outlook to neutral.

US inflation exceeding expectations is providing strong support to the dollar index and creating upward pressure on USDTRY. The price is trading just above the SMA20 and SMA50, while the RSI at 62.8 has approached overbought territory but has not yet reached it; the MACD is slightly below its signal line, indicating limited momentum. Since the 24-hour change is very small, the news impact may not yet be fully reflected in the price. I expect a moderate upward bias in the short term, although the RSI level points to limited upside potential. Confidence level: medium.

US inflation exceeding expectations is supporting the dollar on expectations that the Fed may delay interest rate cuts; DXY is at 102.35, up 0.52% on the day. With an RSI of 76, it is in overbought territory and carries the risk of short-term profit-taking, which could limit upside movement. MACD is above its signal line and the price is above SMA20/SMA50, giving a positive technical picture. However, due to overbought conditions, the 1-3 day impact is expected to be limitedly positive. Although the news flow remains strong, RSI cooling should be monitored for upside confirmation.