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FORECAST - EUR/USD - May 29 – June 02, 2017

Euro/Dollar had an upbeat week, as predictions keep on looking healthier in the euro-zone than in the USA. The approaching week features basically inflation figures and PMIs. Let’s see the highlights of this week and a technical analysis for the EUR/USD pair.

Monetary data - Monday, 8:00 GMT.
Mario Draghi talks - Monday, 13:00 GMT
German Import Prices - Tuesday, 6:00 GMT
French Consumer Spending - Tuesday, 6:45 GMT
French GDP - Tuesday, 6:45 GMT
Spanish Flash CPI - Tuesday, 7:00 GMT
German CPI - Tuesday 12:00 GMT
German Retail Sales - Wednesday, 6:00 GMT
French CPI - Wednesday, 6:45 GMT
German Unemployment Change - Wednesday, 7:55 GMT
CPI (Euro Zone) (preliminary) - Wednesday, 9:00 GMT
Unemployment Rate - Wednesday, 9:00 GMT
Manufacturing PMIs - Thursday morning: Spain - 7:15, Italy - 7:45, France - 7:50, Germany - 7:55, and the all-European update at 8:00 GMT
Spanish Unemployment Change - Friday, 7:00 GMT
PPI - Friday, 9:00 GMT

Support and Resistance levels for EUR/USD (Technical Analysis)

1.1420 - Strong Resistance
1.1360 - Strong Resistance
1.1300 - Strong Resistance (Round Number)
1.1266 - Strong Resistance
1.1160 - Strong Support
1.1120 - Weak Support
1.1000 - Strong Support (Round Number)
1.0950 - Weak Support
1.0870 - Strong Support
1.0820 - Strong Support
1.0775 - Weak Support
1.0720 - Strong Support
1.0660 - Strong Support

We remain bullish for EUR/USD.



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2 Comments

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