Forex forecast for the EURUSD pair today 06/15/2020
In the interbank lending market in New York and London, there has been an increase in rates on dollar loans, which indicates a decrease in the quotes of the EURUSD pair. In New York, at the last repo auction, bankers filed bids with the Fed in the amount of $ 49.2 billion. On average over the past week, these auctions have been submitted applications for 59.71 billion dollars. In May, the figure was almost three times less. In London, the benchmark three-month Libor rate hit a seven-day high. Such dynamics indicates a change in trend, but a technical correction. The US Federal Reserve still controls the situation and last week announced that it would continue to buy back assets in the market in the amount of $ 80 billion.
EURUSD recommendation: Sell 1.1250 / 1.1270 and take profit 1.1210