Daily Analysis EURUSD - 20 June 2023

Data released on Tuesday reveals that German producer prices in May recorded their slowest increase in over two years, signaling a continued decline in inflation within Europe's largest economy.

Notable figures like European Central Bank Vice President Luis de Guindos, Bank of Spain Governor Pablo Hernandez de Cos, and Bank of Finland Governor Olli Rehn are among the scheduled speakers for the upcoming events.

On Wednesday, Fed Chair Jerome Powell is set to present his semi-annual report to Congress. Additionally, Federal Reserve Bank of St. Louis President James Bullard, along with his counterparts from New York and Chicago, are also among the speakers scheduled for this week.

The price action of the EURUSD is finding support at the 1.0912 level also the DXY corrected from the 100MA on the 4H after this level played the same role for the last 4 times. The next support level is around 1.0880, followed by 1.0860 for EURUSD if a breakout happens, while the next resistance level will be again at the 1.0950 level.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
1.1050	1.1000	1.0950	1.0912	1.0860	1.0800