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> EURUSD June 11, 2018 Weekly Analysis
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EURUSD June 11, 2018 Weekly Analysis

Exclusive Capital Ltd.

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This week, the markets are focusing on the Central Banks' meetings. The Fed could likely raise interest rates on Wednesday from 1.75% to 2.00%. The U.S. economy has confirmed significant growth. Market participants pay also great attention on would could likely be the outcome in case of further interest rate increase in September. Any hint of a September hike is likely to boost the U.S. Dollar. In contrast, the ECB meeting on Thursday is in focus, as the QE exit will be on the agenda after Praet's hawkish speech last week on the asset purchasing scheme toward the quarter's end. Major support is found at the 1.1730 zone and resistance at the 1.1830.

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Source: https://www.exclusivecapital.com/eurusd-june-11-2018-weekly-analysis/
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