Important financial markets data on 17 June 2019

19:00 EU/EUR ECB President Mario Drahi speaks

Analysis EUR/USD

The pair fell sharply last Friday following the release of U.S. data, narrowly defending the 1.12 with a daily low of 1.1201. The pair began the new week with a modest gain to 1.1223 in the Asian trading session, but lost it in the morning. A little restraint in the price movement is expected ahead of next Wednesday's Fed meeting, and if the price does not go past 1.1232 at the close of the hour, another bullish move is unlikely. On the downside, a move to 1.1190-1.1185 might be possible.

Analysis GBP/USD

The British Pound also fell sharply against the US Dollar last Friday. Positive impulses for the British currency are not expected today, and if the downward movement continues, resistance at 1.2558 would be the next target. However, if the pair gets a bullish impulse, a price of 1.2610 could be targeted.

Advertisement

Disclaimer

The opinions of the author to market behaviour does not constitute a solicitation to buy or sell any financial products, but are merely a personal opinion. When you trade leveraged financial products, you must be aware that a loss up to the amount of your deposit is possible, and in addition can also be an obligation to arise. Make yourself familiar with active trading or get independent advice before you invest your own money and use only money to invest that you can lose in the worst case