đź‘€ Possible scenario:
The euro inched up near 1.1500 on June 19, supported by safe-haven flows as Israel-Iran tensions deepened and fears of U.S. involvement grew. Despite slight euro strength, demand for the U.S. dollar remained firm following the Fed’s decision to hold rates and warn of near-term inflation risks driven by Trump’s tariffs. The Fed also forecast slower growth and reaffirmed expectations for two rate cuts in 2025.
Markets now await U.S. data for further rate clues, while attention stays on the Middle East as Trump reportedly issued Iran a final ultimatum to avoid conflict.
âś… Support and Resistance Levels
Now, the support level is located at 1.14000
Resistance level is located at 1.16330
The euro inched up near 1.1500 on June 19, supported by safe-haven flows as Israel-Iran tensions deepened and fears of U.S. involvement grew. Despite slight euro strength, demand for the U.S. dollar remained firm following the Fed’s decision to hold rates and warn of near-term inflation risks driven by Trump’s tariffs. The Fed also forecast slower growth and reaffirmed expectations for two rate cuts in 2025.
Markets now await U.S. data for further rate clues, while attention stays on the Middle East as Trump reportedly issued Iran a final ultimatum to avoid conflict.
âś… Support and Resistance Levels
Now, the support level is located at 1.14000
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.