Trading insight: EUR/USD lost 3% since the end of April

European Open

Current events moving the EUR

Spanish inflation cools, the latest month-on-month inflation was negative (-0.1%)

• EUR/USD (chart 1) current price hits another intra multi-day low near March 20th lows, eyes now on the 1.0650 - 1.0610 support area (see chart 1)

Chart 1 EUR/USD May 30 2023 7:47 UTC

• EUR/GBP (chart 2) seems to be at risk of entering a bear market. Increased risk of further downside after the support near 0.8660 failed to hold, prospects for a move towards 0.8590s can not be ruled out.

Chart 2 EUR/GBP May 30 2023 7:45 UTC

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Today’s economic calendar

Spanish inflation cools

Source: TradingView / J. Knobel May 30 2023 7:18 UTC