EURUSD
Technical Analysis
EURUSD have big potential to sell around 1.11408 & 1.12018. This particular area have big resistance or rejection from the previous level higher time frame, it means lots of buyers took profit and sellers decided to involve in. Based on volume indicator the momentum for buyer is weakening. Target price at 1.10600
Fundamental Analysis
ECB signals rate hikes in July and September. The European Central Bank (ECB) said it will likely raise interest rates by 0.25 percentage points in July and by a larger amount in September, in an effort to combat inflation.
German economy shrinks in Q2. The German economy shrank by 0.1% in the second quarter of 2022, according to the Federal Statistical Office. This was the first contraction in the German economy since the start of the COVID-19 pandemic.
DISCLAIMER:The information on this analysis is based on research and experience, and it is not guaranteed to be accurate or complete
