Regarding the Euro, we are currently at a pivotal point where the trend direction will be determined. We need to test the strike zone between 1.1681 and 1.1685 just below the 1/2 margin level and monitor the market reaction from that area.
ECB's Rehn: Data points to early signs of stagflationary shock
Governing Council member Olli Rehn noted that incoming data suggests the onset of a stagflationary shock resulting from the conflict in Iran and rising energy prices.
The situation for the Euro remains unchanged, with no significant movement observed so far.
The market is awaiting more substantial global news from China regarding the meeting between Xi and Trump.
We are currently hovering near the midpoint, but I believe the continuation of the scenario will be determined by either a breakout or a rejection at the 1.1681 strike zone.
