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Good and bad news | 10 June 2021

10 June 2021, EUR/USD

Good and bad news

EURUSD trading plan:

The ECB will declare the preservation of the stimulus program and raise forecasts for economic growth for 2021-2022, which will have a positive effect on the value of euro. A bearish trend in the precious metals market will have a negative impact on the value of the European currency, as the euro correlates with gold. Traders now await U.S. data, including the core consumer price index in May and initial jobless claims, due later in the today, to get further clues on the U.S. economic growth and the direction of the U.S. Federal Reserve’s monetary policy.

Investment idea: range 1.2125 -1.2210.

David Johnson
Analyst of «FreshForex» company
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