Daily Recommendations on Major -EUR/USD
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Update Time: 19 Apr 2018 05:30 GMT
EUR/USD - 1.2375
Although yesterday's rally to 1.2397 signals euro's 1st leg of correction from Tuesday's 2-week high at 1.2414 has ended at 1.2337, as long as 1.2397 holds, choppy sideways swings would continue before another fell to 1.2300/10.
Above 1.2397 would bring re-test of 1.2414, however, loss of upward momentum should cap price below March's peak at 1.2477 this week.
Data to be released on Thursday:
New Zealand CPI, Australia Westpac leading index, employment change, unemployment rate, Japan tertiary industry index, EU current account, U.K. retail sales, core retail sales, initial jobless claims, leading indicator, and Canada ADP employment change
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