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> EURUSD June 7, 2018 Weekly Analysis
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EURUSD June 7, 2018 Weekly Analysis

Exclusive Capital Ltd.

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Peter Praet's yesterday's speech was hawkish and a clear signal that the ECB will likely be announcing its exit from the asset purchasing scheme toward the quarter's end. Surely this outcome is a positive development for the euro. In contrast, some governors are still waiting to see Italy's latest crisis consequences. Furthermore, last Friday's positive labour market report minimised the uncertainty for a probable rate hike next week. The U.S. and the EU interest differential could force the euro to weaken. Major support is found at the 1.1618 zone and resistance at the 1.1830 area.

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Source: https://www.exclusivecapital.com/eurusd-june-7-2018-weekly-analysis/
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