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19.06.202310:01 विदेशी मुद्रा विश्लेषण और समीक्षा: EUR/USD: possibility of bullish continuation

Exchange Rates 19.06.2023 analysis

EUR/USD

We do not expect any important macro releases this week.

On Monday, volatility will likely be low as it is a federal holiday in the US.

According to the chart, EUR/USD consolidated after a surge last week. Technically, a bullish continuation is likely.

An inflation report was delivered in the eurozone. Consumer prices dropped to 6.1% from 8.1% on a yearly basis. Nevertheless, a 6% inflation rate still exceeds the ECB's target level of 2.0-2.5%. Therefore, the ECB may again raise interest rates at a meeting next month.

We see EUR/USD head toward 1.1100.

*यहां पर लिखा गया बाजार विश्लेषण आपकी जागरूकता बढ़ाने के लिए किया है, लेकिन व्यापार करने के लिए निर्देश देने के लिए नहीं |

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