EURUSD
Technical Analysis
EURUSD have big potential to sell around 1.10329. This particular area have big resistance or rejection from the previous level higher time frame, it means lots of sellers took profit and buyers decided to involve in. Based on volume indicator the momentum for buyer is weakening. Target price at 1.09772.
Fundamental Analysis
Inflation is a major concern for the eurozone. The annual inflation rate in the eurozone was 6.1% in May 2023, down from a peak of 7.5% in March, but still well above the European Central Bank's target of 2%. The ECB is expected to raise interest rates in July in an effort to bring inflation under control.
DISCLAIMER:The information on this analysis is based on research and experience, and it is not guaranteed to be accurate or complete