The euro got under pressure after the final report publication on the eurozone inflation. Today we should pay attention to the weekly report on the number of applications for benefits of the US unemployment report on inflation and the index of business activity in the manufacturing sector in the Federal Reserve Bank of Philadelphia. Weak data can regain euro buyers, that will lead to the growth of quotations in the area of 1.13.
EUR/USD technical analysis and forecast on June 17
The EUR / USD currency pair is testing the strength of the rising channel’s lower boundary. On the four-hour chart the decrease of the RSI is limited by the support level, indicating that the rebound of quotations is up. Thus, the EUR / USD forecast for June 17 involves an activation of the “bulls” and the euro rise up to 1.1200.
