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Weekly Fundamental Euro Forecast

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by , 06-06-2022 at 10:11 AM (413 Views)
      
   
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The Euro stabilized last week as the European Central Bank signaled that it would raise its main interest rate by July. The economic calendar offers few meaningful data releases; speeches by ECB President Christine Lagarde will garner the most attention.
The daily price is on ranging below and near Ichimoku cloud to be ready for the daily bullish reversal by breaking 1.0786 resistance to above or bearish market condition to be resumed in case the price crossed 1.0627 support level on close daily bar for example.

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