EURCAD 14th JUNE 2022

2022年6月14日

There is something interesting about the policies of some of the world's major central banks in recent months. Recently, the European Central Bank (ECB) said it would raise interest rates next month. On other hand the Organization of Petroleum Exporting Countries and its allies (OPEC) agreed to rising output by 648,000 barrels per day (bpd) per month in July and August instead of the previously agreed 432,000 bpd. Before the optimistic tone next month, I see for the short term Euro is still consolidating between H4 support and resistance.