How Much Is 1 EUR To USD? FX: Bristish Pound To US Dollar. Tips for beginner traders in EUR/USD and GBP/USD on June 15, 202

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Relevance up to 09:00 2022-06-16 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.


Details of the economic calendar from June 14
Data on the UK labor market came out worse than expected. The unemployment rate increased from 3.7% to 3.8%, while the forecast assumed a decline to 3.6%. Employment in the country rose by 177,000, while jobless claims fell less than expected.

In general terms, the indicators for the UK labor market are not the best.

Analysis of trading charts from June 14
The EURUSD currency pair has slowed down its downward movement in the area of 1.0400. This move has led to variable turmoil, with the downside sentiment remaining among market participants.

On the trading chart of the daily period, there is a gradual recovery of the downward trend relative to the recent correction.

The GBPUSD currency pair has accelerated the decline after the prolongation of the medium-term downward trend. The increase in the volume of short positions led to the weakening of the pound sterling towards the psychologically important level of 1.2000. The scale of decline for three trading days amounted to about 550 points.



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