EURUSD: SELL 1.1460, SL 1.1560, TP 1.1260 | 19 يونيو 2025

Event to pay attention to today:

12:00 EET. EUR - Consumer Price Index

15:30 EET. USD - Unemployment Claims

21:00 EET. USD - FOMC Rate Decision

EURUSD:

Declining confidence in the US economy amid trade policy is undermining the US Dollar (USD) against the Euro (EUR). Data released by the US Census Bureau on Tuesday showed that US retail sales fell 0.9% m/m in May, compared to a 0.1% decline (revised from +0.1%) recorded in April. The figure was weaker than estimates of -0.7%. Meanwhile, US industrial production in May declined 0.2% m/m vs. 0.1% previously (revised from 0%), worse than expectations of 0.1%.

Traders expect the US Federal Reserve to leave borrowing costs unchanged at its June meeting on Wednesday. Markets now estimate a nearly 80% chance that the Fed will cut rates in September and then another in October, according to Reuters.

The mood of European Central Bank (ECB) policymakers is supportive of the common currency. ECB President Christine Lagarde said that rate cuts are coming to an end as the central bank is now in a “good position” to deal with the current uncertainty.

Meanwhile, investors will keep an eye on geopolitical risks. Israel is set to step up strikes on Tehran, while the US is considering expanding its role amid rising tensions between Israel and Iran.

Trade recommendation: SELL 1.1460, SL 1.1560, TP 1.1260

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