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30.06.2020 EUR/USD Daily Analysis
Inflation data from the Euro area reported earlier today was better than expected. Annual inflation is estimated to be up 0.3% in June, from 0.1% in May.
Yazar: editor_1
Yayınlanma: 30 Haziran 2020 20:07
Güncellenme: 20 Kasım 2024 00:30
30.06.2020 EUR/USD Daily Analysis
Inflation data from the Euro area reported earlier today was better than expected. Annual inflation is estimated to be up 0.3% in June, from 0.1% in May. The largest contributors to the upward price pressure were food, alcohol & tobacco while energy price declined notably. The level to keep an eye on is 1.1200 in the session ahead as it held the pair higher late last week. A bearish break of it could lead to a decline towards support at 1.1132. The dollar is gaining broadly against its major counterparts while the Euro is under pressure.
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