EURUSD - Still Neutral Pre ECB/ US Inflation

Jun 09, 2021

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EURUSD - Still Neutral Pre ECB/ US Inflation by KQMarkets on TradingView.com

Commentary

We still see EURUSD moving higher whilst it remains above support at 1.2144 as we await the ECB rate decision and US inflation data tomorrow.

An unexpected policy shift by the ECB or if US inflation data is significantly different than expected could lead to a large amount of volatility for the currency pair.

A consolidation below support at 1.2144 could lead to EURUSD breaking it's uptrend from Mar 20 lows.

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