EUR/USD

EUR/USD weekly special report based On 1.00 Lot Calculation:

·EVENT Tuesday (June 13 at 13:30 GMT+1): US Consumer Price Index (CPI). CPI is an indicator for inflation. According to the latest CPI data, inflation in the US is cooling down. Since January 2023, inflation in the US fell from 6.5% to 4.9% compared with the same period last year.

·EVENT Wednesday (June 14 at 19:00 GMT+1): US Federal Reserve, interest rate decision. Current Federal reserve benchmark rate stands in the range between 5,00 - 5,25%. According to the CME group FedWatch tool, there is a 76% probability that the benchmark rate will not change in an upcoming meeting.

·EVENT Thursday (June 15 at 13:15 GMT+1): European central bank (ECB), interest rate decision. Current ECBs interest rate stands at 3,75%. According to a recent statement of ECB officials, inflation is still at high levels which implies that the ECB will need to continue to raise its interest rate through the second part of 2023.

·TECHNICAL ANALYSIS: The 10- Day Relative Strength Index (RSI) shows the pair trades in oversell territory which could imply that the price of this currency pair may start an upward correction. However, the price could decline further.

EURUSD, June 7, 2023
Current Price:1.0680

Example of calculation base on weekly trend direction for 1.00 Lot¹

1. 1.00 lot is equivalent of 100.000 units

2. Calculations for exchange rate used as of 08:13 (GMT+1) 7/6/2023
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