The Euro / dollar pair approached the level of 1.1300

29.06.2020 16:53
The Euro / dollar pair has approached the level of 1.1300, and may increase its growth to 1.1350 after preliminary German inflation figures for June were better than forecasts.
"German inflation exceeded estimates in June, recovering from 0.5% to 0.8% yoy. However, the EU's economic sentiment indicator for the same month was 75.7 from 80 in the previous month. The US, on the other hand, will publish today may data on home sales, which is expected to fall by 44.6% mom, and the industrial production index in Dallas for the same month, which will be equal to -59 against -49.2.
The pair may accelerate its growth after a break above 1.1310, the nearest resistance, although a rise above 1.1350 seems unlikely against the background of continuing uncertainty and first-level data scheduled for the end of this week.

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