Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jun 08 - 10:55 PM

EUR/USD - 1.0639, 1.0786 Key Levels Into ECB Rate Decision

By Andrew M Spencer  —  Jun 08 - 09:00 PM

  • Steady after closing up just 0.1%, as markets await Thursday's ECB decision

  • ECB will end stimulus in June and to announce rate hikes starting in July

  • Size, timing of hikes likely data driven - press conference key nL4N2XV24R

  • Charts; momentum studies flat line, 5, 10 & 21 day moving averages conflict

  • 21 day Bollinger bands climb - very modest net positive setup

  • 1.0786, 38.2% 2022 fall capped in May - close above to begin next leg up

  • 1.0639 rising 21 day moving average shapes up as pivotal support on close

  • 1.0672 EZ low and 1.0750/55 1.060 BLN strikes first support, resistance

For more click on FXBUZ


eur jun 9 Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2022 eFXdata · All Rights Reserved
!