ECB

Market Review 12-06

Market Review 12-06

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EUR/USD visiting daily highs near 1.1340, looks to ECB, US CPI

EUR/USD now focused on ECB, data

The pair is advancing for the second session in a row on Wednesday, navigating weekly highs in the 1.1340 region, coincident with a Fibo retracement of the 2019 decline.

Today’s calendar in Euroland highlights the speeches by ECB’s Mario Draghi (11:15), Luis De Guindos and Benoit Coeure at the 8th ECB Conference on central, eastern and south-eastern European countries (CESEE), in Frankfurt.

Across the pond, all eyes will be upon the release of May’s US inflation figures tracked by the CPI. at 15:30

EUR/USD levels to watch

At the moment, the pair is gaining 0.09% at 1.1336 and a breakout of 1.1347 (high Jun.7) would target 1.1364 (200-day SMA) en route to 1.1448 (monthly high Mar.20).

https://www.fxstreet.com/news/eur-usd-visiting-daily-highs-near-11340-looks-to-ecb-us-cpi-201906120645

Trading Central – EURUSD: the sentiment is a buy to 1.1360 if above 1.1315.

Number of Lots:
Required Margin:
Risk Management (200%):
Potential Profit / Loss @ 1.1360
1
€ 3,333.33
€ 6,666.67
€ 356.00
5
€ 16,666.67
€ 33,333.33
€ 1,780.00
10
€ 33,333.33
€ 66,666.67
€ 3,560.00
25
€ 83,333.33
€ 166,666.67
€ 8,900.00
50
€ 166,666.67
€ 333,333.33
€ 17,800.00

Trading Central – USDCHF: the sentiment is a sell down to 0.9710 if below 1.0080.

https://europefx.tradingcentral.com/Product?PK_ANALYSE=10255872

Number of Lots:
Required Margin:
Risk Management (200%):
Potential Profit / Loss @ 0.9710
1
€ 2,942.04
€ 5,884.08
€ 1,762.20
5
€ 14,710.21
€ 29,420.42
€ 8,811.00
10
€ 29,420.42
€ 58,840.84
€ 17,622.00
25
€ 73,551.04
€ 147,102.09
€ 44,055.00
50
€ 147,102.09
€ 294,204.18
€ 88,110.00

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.99% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Find more details about risk here.

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