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JinDao_Tai
Jun 30, 2020 3:42 AM
EUR/USD Outlook (30 June 2020)
FX:EURUSD
240
Euro Fx/U.S. Dollar
FXCM
Description
⋅
Jun 30, 2020 3:42 AM
Overall, EUR/USD is ranging across.
The German Preliminary CPI m/m data (Actual: 0.6%, Forecast: 0.3%, Previous: -0.1%) released yesterday indicated a recovery in inflation in Germany.
The French Preliminary CPI m/m data (Forecast:0.4%, Previous: 0.1% revised from 0.0%) will be released later at 1445 (SGT).
The eurozone CPI Flash Estimate y/y data will be released later at 1700 (SGT).
CPI Flash Estimate y/y (Forecast: -0.1%, Previous: 0.1%)
Core CPI Flash Estimate y/y (Forecast: 0.8%, Previous: 0.9%)
EUR/USD’s next support zone is at 1.11200 and the next resistance zone is at 1.13700.
Look for short-term buying opportunities of EUR/USD up until the testification by Federal Reserve Chairman Jerome Powell tomorrow at 0030 (SGT).
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