Daily Recommendations on Major - EUR/USD
|
Update Time: 15 Sept 2017 03:05 GMT
EUR/USD - 1.1913
Euro's anticipated strong rebound from yesterday's 2-week trough at 1.1839 to 1.1924 at Asian open today signals 1st leg of correction from last Fri's fresh 30-month peak at 1.2093 has ended and several days of 'choppy' consolidation is seen with near term upside bias, however, reckon 1.2065/70 should cap present rise.
On the downside, only below 1.1867 suggests correction from 1.0839 is over and risks one more fall towards next daily chart objective at 1.1824.
Data to be released on Friday:
New Zealand manufacturing PMI,Germany wholesale price index, EU trade balance, and U.S. NY Fed manufacturing, retail sales, industrial output, capacity utilization, manufacturing output, business inventories, U. of Michigan sentiment.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.