🔍 Technical Overview
• Support Levels:
• 1.3500 (near-term)
• 1.3450 (medium-term)
• 1.3360 (strong support)
• Resistance Levels:
• 1.3600 (psychological barrier)
• 1.3617 (last week's high)
• 1.3700 (bullish target)
• Indicators:
• Price is above the 50- and 200-day EMAs (bullish bias).
• RSI around 58 (constructive momentum).
• A close above 1.3617 could lead to gains toward 1.3700.
📰 Fundamental Highlights
• Weaker Dollar: USD under pressure ahead of key inflation data and FOMC expectations.
• Solid UK Data: Strong UK PMI figures and stable employment outlook.
📆 Key Events to Watch
• June 10: US CPI (critical for Fed rate expectations)
• June 11: UK Unemployment & Wage Data
• June 13: US PPI
• June 14: Michigan Consumer Sentiment
🧭 Weekly Outlook & Strategy
• If Bullish:
• Stay long above 1.3500.
• Scale positions on dips to 1.3510–1.3530.
• Breakout above 1.3617 targets 1.3700.
• If Bearish:
• Watch for rejection at 1.3600–1.3617.
• Break below 1.3500 exposes downside to 1.3450 and 1.3360.