For the bulls, important resistance levels exist at 87.71 which is the latest top of June 11th, also at the 91.57 top of April 27th and finally at the yearly top of 94.10 from the 25th of February.
For the bears if price penetrates below the MA50, important support exists at 81.49 bottom of May 21st , also at 77.14 bottom of the last downward move of April 5th , and finally at 72.56 which is the inside support from a top of October 28th 2020.
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• Major stock markets in Europe closed with gains on Tuesday as investors expect the Federal Reserve meeting the following day to safeguard the implemented supporting policies since the economy is still in recovery mode. European Central Bank's official Olli Rehn said there is no sign of an increase in broader price pressures, but the slack remains high.
The DAX closed 0.36% higher, the FTSE 100 grew 0.36%, while the CAC 40 rose by 0.35%.
• Bank of England (BoE) Governor Andrew Bailey said on Tuesday that central bank-issued digital currency could pose a risk of "some disruption to money markets in the short-term," adding that markets should adapt to the introduction of new forms of digital money in the long run.
• The number of employees on British company payrolls surged by a record amount in May as COVID restrictions eased and pubs and restaurants resumed indoor service, though it still remains more than half a million below its pre-pandemic peak.
Tax data released on Tuesday showed that British companies increased their number of employees by 197,000 in May, the biggest single-month increase since records began in July 2014, taking the total to 28.5 million.
• The euro zone's unadjusted trade surplus was almost five times higher in April than a year earlier, mainly thanks to a strong rebound in exports of machinery and cars, but was still smaller than expected, data showed on Tuesday.
The European Union's statistics office said the unadjusted trade surplus of the 19 countries sharing the euro was 10.9 billion euros in April compared with 2.3 billion in April 2020, as overall euro zone exports rose 43.2% while imports increased 37.4%.
• At 06:00 (GMT) UK Consumer Price Index (CPI) is due. It's a measure of the change in the price of goods and services purchased by consumers.
• At 06:00 (GMT) UK Core Consumer Price Index (CPI) is due. It's a measure of the change in the price of goods and services purchased by consumers, excluding the volatile food, energy, alcohol, and tobacco items.
• At 08:30 (GMT) UK House Price Index (HPI) is due. It's a measure of the change in the selling price of homes and it is released monthly, about 45 days after the month ends.
• Tentative - EU German 10-y Bond Auction figures come out. It's a statistic that is a measure the Average yield on 10-year bonds the government sold at auction, and the bid-to-cover ratio of the auction.
• Tentative - UK 30-y Bond Auction expected. It's a statistic that is a measure the Average yield on 10-year bonds the government sold at auction, and the bid-to-cover ratio of the auction.
European indices Yesterday:
• DAX: +0.36%
• EURO: +0.26%
• MIB: -0.08%
• CAC: +0.35%
Sources: Investing.com, forexfactory.com, breakingthenews.net