Daily Recommendations on Major - EUR/USD
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Update Time: 20 Sept 2018 06:30 GMT
EUR/USD - 1.1679
Yesterday's decline from 1.1715 (Europe) to 1.1651 in New York suggests further 'choppy' sideways swings below Tuesday's near 3-week high at 1.1724 would continue with downside bias, below 1.1651 would bring stronger retracement towards 1.1618 before prospect of another rebound.
Only above 1.1734 (August peak) would extend Medium Term upmove to 1.1750/55, then towards 1.1791 next week.
On the data front, the only data due out today is EU's September consumer confidence due out at 14:00GMT.
Today is the second day of the 2-day EU summit meeting in Salzburg in Austria. ECB Board member Weidmann will speak in Germany at 15:15GMT and then ECB Chief Economist Praet will speak in New York at 17:20GMT.
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