đź‘€ Possible scenario:
The euro fell 0.28% on June 13, snapping a four-day winning streak against the U.S. dollar as investors turned to safe-haven assets amid rising Middle East tensions. Despite the pullback, the euro remains on track for a second straight weekly gain, supported by eurozone resilience and shifting U.S. rate expectations. Uncertainty over U.S. trade policy also pressured the dollar. President Trump’s tariff threats rattled markets, though Treasury Secretary Bessent hinted at a possible extension of the current moratorium.
Softer-than-expected U.S. inflation data added to dollar weakness, reinforcing bets on Fed rate cuts. With no key data on June 16, the EUR/USD is likely to stay range-bound. Watch support at 1.14865 and resistance at 1.16330.
âś…Support and Resistance Levels
Now, the support level is located at 1.14865
Resistance level is located at 1.16330
The euro fell 0.28% on June 13, snapping a four-day winning streak against the U.S. dollar as investors turned to safe-haven assets amid rising Middle East tensions. Despite the pullback, the euro remains on track for a second straight weekly gain, supported by eurozone resilience and shifting U.S. rate expectations. Uncertainty over U.S. trade policy also pressured the dollar. President Trump’s tariff threats rattled markets, though Treasury Secretary Bessent hinted at a possible extension of the current moratorium.
Softer-than-expected U.S. inflation data added to dollar weakness, reinforcing bets on Fed rate cuts. With no key data on June 16, the EUR/USD is likely to stay range-bound. Watch support at 1.14865 and resistance at 1.16330.
âś…Support and Resistance Levels
Now, the support level is located at 1.14865
Resistance level is located at 1.16330
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.