Daily Recommendations on Major - EUR/USD
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Update Time: 27 Nov 2018 06:30 GMT
EUR/USD - 1.1330
As yesterday's intra-day roller-coaster moves ended with euro falling from 1.1384 (Europe) to 1.1324 near New York close following ECB Draghi's mildly dovish comments in New York and usd's renewed strength, suggesting erratic fall from last week's 1.1472 high would pressure price to 1.1300, loss of momentum should keep euro above pivotal sup at 1.1271.
On the upside, only a daily close above 1.1384 signals correction is over and heads back towards 1.1434 later this week.
The euro area countries will release a slew of eco. data starting with Germany's import price index, France's consumer confidence n PPI then Italy's business n consumer confidence. We also have ECB Board members Nouy and Mersch speaking at 15:00GMT n 16:00GMT respectively.
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