The EUR/USD pair continues to trade within familiar levels, at 1.1220 as of writing, though faces bearish pressure after EU inflation recovered to 0.3% YoY in June, FXStreet’s Chief Analyst Valeria Bednarik informs. Key quotes “The EU published the preliminary estimate of June inflation, which rose by 0.3% when compared to a year earlier, better than anticipated. The core reading, however, retreated to 0.8% as expected. The US session will bring Chicago PMI for June, foreseen at 45, and Consumer Confidence. What’s more, US Fed’s Powell will testify alongside Treasury Secretary Mnuchin.” “EUR/USD offers a neutral-to-bearish short-term stance as in the 4-hour chart, the pair remains below all of its moving averages, with a bearish 20 SMA capping advances. Technical indicators head lower, although the Momentum remains around its midline, indicating limited selling interest.” “Support levels: 1.1170 1.1125 Resistance levels: 1.1230 1.1270.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US: Chicago PMI rises to 36.6 in June vs. 45 expected FX Street 2 years The EUR/USD pair continues to trade within familiar levels, at 1.1220 as of writing, though faces bearish pressure after EU inflation recovered to 0.3% YoY in June, FXStreet’s Chief Analyst Valeria Bednarik informs. Key quotes “The EU published the preliminary estimate of June inflation, which rose by 0.3% when compared to a year earlier, better than anticipated. The core reading, however, retreated to 0.8% as expected. The US session will bring Chicago PMI for June, foreseen at 45, and Consumer Confidence. What’s more, US Fed’s Powell will testify alongside Treasury Secretary Mnuchin.” “EUR/USD offers a neutral-to-bearish short-term stance as in… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
