Daily Recommendations on Major -EUR/USD
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Update Time: 26 May 2017 01:00 GMT
EUR/USD - 1.1208
Despite euro's intra-day gain to 1.1251 in Europe, subsequent strong retreat to 1.1194 suggests further 'choppy' trading below Tue's fresh 6-month peak at 1.1268 would continue, as long as previous sup area at 1.1162/69 holds.
Outlook remains mildly bullish for Medium Term upmove to head to 1.1280/85 but reckon res at 1.1300 should cap upside.
A daily close below 1.1162 confirms temporary top is in place, then risk would shift to the downside for stronger retracement to 1.1140/45 and possibly towards 1.1098 next week.
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