The market is under pressure from the expected Fed rate cut. The main question is what the Fed will say at the meeting on June 19.
In the US economy, a slowdown in growth is noticeable. In the German economy, there are signs of a halt in growth according to the latest measurements of investor sentiment.
The main reason for the slowdown was the US-China trade war unleashed by Trump. Trump is not going to retreat, everything should be decided at the meeting of Trump-Xi Jinping at the G20 summit
Euro: We expect to continue growth, keep buying from 1.1220 and 1.1190
The next target is 1.1450
The material has been provided by InstaForex Company – www.instaforex.com