Daily Recommendations on Major - EUR/USD
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Update Time: 21 Jun 2019 05:30 GMT
EUR/USD - 1.1299
Euro's continuation of Wed's post-FOMC rally to 1.1317 yesterday's suggests early decline from June's 1.1247 peak has ended at 1.1182 (Tuesday) and re-test of this res is envisaged after consolidation, loss of upward momentum is expected to limit gain to 1.1378 and yield correction later today or Monday.
On the downside, only a daily close below 1.1254 signals temporary top is in place and risks stronger retracement to 1.1212/21 area.
Data to be released on Friday :
Australia manufacturing PMI, services PMI, Japan national CPI, Nikkei manufacturing PMI, France Markit manufacturing PMI, Markit services PMI, Germany Markit manufacturing PMI, Markit services PMI, EU Markit manufacturing PMI, Markit services PMI, UK PSNB, PSNCR, Canada retail sales, and U.S. Markit manufacturing PMI, Markit services PMI, existing home sales.
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