Daily Recommendations on Major - EUR/USD
|DAILY MARKET OUTLOOK - EUR/USD
Update Time: 18 Dec 2018 05:53GMT
EUR/USD - 1.1350
Yesterday's gain to 1.1358 (NY) due to usd's weakness vs majors suggests decline from last week's 1.1443 high has ended at 1.1270 (Fri) and consolidation with upside bias remains for subsequent headway to 1.1390/00, near term overbought condition should cap price below 1.1443.
On the downside, only below 1.1306/07 sup signals intra-day top is made, then risk is seen for another fall back twds 1.1270 later today.
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