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EURUSD trades around 1.1810, after......>

EURO-DOLLAR
EURO-DOLLAR: EURUSD trades around 1.1810, after operating in a 20 pip range
overnight.
- The ECB MonPol decision is front and centre today, and the central bank is
widely expected to discuss options on QE but delay making a formal announcement
until the July meeting. The ECB is also seen ending its APP at end of December
this year.
- MNI PINCH shows market pricing in just 7.5bps of rate hikes by the June 2019
meeting and 13bps of hikes by the end of September 2019.
- Focus is on the introductory statement, updated staff forecasts and Q&A
session. The key question will be on how far discussions on ending QE went.
- Resistance is noted at the high June 11 (1.1820), followed by the June 08
high/May 10 low (1.1840/43). Hourly support comes in at 1.1773.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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