Saturday, June 15, 2024

The euro continued to rise before the period of consolidation



Support / Resistance: 1.0320 - 1.0430

Today is an important day for the currency markets. There are two key events today, at 8:30 AM ET expect Retail Sales for the month of October in the United States, and later at 11:00 AM expect ECB's President Lagarde speech.
Soon, the growth of the Euro may temporarily stop and we may go through a process of trade consolidation around 1.03.
For today, use the data from the US, with expectations for positive news. The probability of EUR/USD movement above 1.0430 is high.

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