Daily Recommendations on Major - EUR/USD
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Update Time: 09 Oct 2018 05:30 GMT
EUR/USD - 1.1490
Despite euro's intra-day selloff in European morning due to active selling of euro on lingering Italian budget deficit concerns and then brief break of last week's 1.1464 low to a 7-week trough of 1.1460, lack of follow-through selling and subsequent bounce to 1.1499 in holiday-thinned North American session suggests temp. low is possibly made, above 1.1500/10 would bring stronger retracement towards 1.1550 before retreat.
Only below 1.1460 would extend marginal weakness, however, loss of downward momentum should keep price above 1.1410/15 today.
Data due out later on Tuesday :
UK BRC retail sales, Germany exports, imports, trade balance, current account.
Canada housing starts, and U.S. NFIB business optimism.
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