Daily Recommendations on Major -EUR/USD
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Update Time: 13 Jul 2018 5:30 GMT
EUR/USD - 1.1664
Although euro's intra-day weakness after yesterday's rebound from 1.1650 to 1.1696 suggests erratic decline from Monday's 3-week high at 1.1791 to retrace recent upmove would extend to 1.1630, loss of downward momentum should keep price well above last week's low at 1.1591 and bring rebound later today or Monday.
On the upside, a daily close above 1.1696 would be the 1st signal said retreat from 1.1791 has ended would outlook would improve for subsequent headway towards 1.1758.
Data to be released on Friday :
Germany wholesale price, France nonfarm payrolls, Swiss producer/import price, and U.S. import prices, export prices, University of Michigan sentiment.
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