LOOK AHEAD: Eurozone Timeline of Key Events (Times BST)
| Date | Time | Country | Event |
| 12-Jul | 745 | FR | HICP (f) |
| 12-Jul | 800 | ES | HICP (f) |
| 15-Jul | 700 | DE | Retail Sales |
| 15-Jul | 800 | EU | ECB's Lagarde and Cipollone in Eurogroup meeting |
| 15-Jul | 1000 | EU | Industrial Production |
| 16-Jul | 800 | EU | ECB's De Guindos in ECONFIN meeting |
| 16-Jul | 900 | EU | ECB Bank Lending Survey |
| 16-Jul | 900 | IT | Italy Final HICP |
| 16-Jul | 1000 | DE | ZEW Current/Expectations Conditions Index |
| 16-Jul | 1000 | EU | Trade Balance |
| 17-Jul | 1000 | EU | HICP (f) |
| 18-Jul | 1000 | EU | Construction Production |
| 18-Jul | 1315 | EU | ECB Deposit/Refi/Marginal Lending Rate |
| 18-Jul | 1345 | EU | ECB Monetary Policy Press Conference |
| 18-Jul | 1515 | EU | ECB's Lagarde presents MonPol decision on podcast |
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LOOK AHEAD: Eurozone Timeline of Key Events (Times BST)
| Date | Time | Country | Event |
| 12-Jun | 700 | DE | HICP (f) |
| 12-Jun | 1030 | EU | ECB's Schnabel at German Finance Committee |
| 12-Jun | 1400 | EU | ECB's De Guindos at MNI Connect Event |
| 13-Jun | 800 | ES | HICP (f) |
| 13-Jun | 1000 | EU | Industrial Production |
| 14-Jun | 745 | FR | HICP (f) |
| 14-Jun | 1000 | EU | Trade Balance |
| 14-Jun | 1000 | EU | ECB's Lane participates at Dubrovnik Econ Conference |
| 14-Jun | 1000 | EU | ECB's De Guindos at Carlos V European Prize Ceremony |
| 14-Jun | 1430 | EU | ECB's Schnabel in European Fiscal Board Meeting |
| 14-Jun | 1830 | EU | ECB's Lagarde Speech at Dubrovnik Economic Conference |
| 15-Jun | 1715 | EU | ECB's Schnabel Speech at Lions Club Dortmund |
| 17-Jun | 900 | IT | Italy Final HICP |
| 17-Jun | 900 | EU | ECB's Lane at Reuters event |
| 17-Jun | 1000 | EU | ECB's Lagarde at company Pasqal |
| 17-Jun | 1230 | EU | ECB's De Guindos remarks at APIE Seminar |
| 17-Jun | 1300 | EU | ECB's Cipollone at financial markets supervision event |
SCHATZ TECHS: (U4) Watching Resistance
- RES 4: 105.625 High May 17
- RES 3: 105.572 76.4% retracement of the May 15 - 24 bear leg
- RES 2: 105.484 61.8% retracement of the May 15 - 24 bear leg
- RES 1: 105.460 High Jun 4 and key short-term resistance
- PRICE: 105.350 @ 05:31 BST Jun 12
- SUP 1: 105.175 Low Jun 7
- SUP 2: 105.110 Low May 24 and the bear trigger
- SUP 3: 105.000 Round number support
- SUP 4: 104.855 1.00 projection of the May 15 - 24 - Jun 4 price swing
The trend condition in Schatz futures remains bearish and recent short-term gains are considered corrective. The sell-off from last week’s high signals the end of the correction. Moving average studies are in a bear-mode set-up too, highlighting bearish market sentiment. Resistance to watch is 105.460, the Jun 4 and 5 high. A break would be a bullish development. For bears, sights are on key support and the bear trigger at 105.110, the May 24 low.
GBPUSD TECHS: Support Remains Intact
- RES 4: 1.2908 1.382 proj of the Apr 22 - May 3 - 9 price swing
- RES 3: 1.2894 High Mar 8 and a key resistance
- RES 2: 1.2859 1.236 proj of the Apr 22 - May 3 - 9 price swing
- RES 1: 1.2817 High June 4 and the bull trigger
- PRICE: 1.2739 @ 05:59 BST Jun 12
- SUP 1: 1.2660 50-day EMA
- SUP 2: 1.2584 Low May 15
- SUP 3: 1.2510 Low May 14
- SUP 4: 1.2446 Low May 9 and a key near-term support
The GBPUSD trend condition remains bullish and recent weakness appears to be a correction. Support at 1.2713, the 20-day EMA, has been pierced and attention turns to the next key support at 1.2660, the 50-day EMA. A break of this average would undermine the uptrend and signal scope for a deeper retracement. The bull trigger is unchanged at 1.2817, the Jun 4 high. Clearance of this hurdle would open 1.2859, a Fibonacci projection.
