Daily Recommendations on Major - EUR/USD
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Update Time: 16 Sept 2019 05:30GMT
EUR/USD - 1.1075
Although euro's brief break above previous September's 1.1084 high to a 2-week top at 1.1109 Friday suggests recent downtrend has made a temporary low earlier at 1.0927, subsequent retreat in New York session signals range trading is in store before prospect of further gain, 'loss of momentum' should cap price well below 1.1164 res.
On the downside, only a daily close below 1.1056 may risk stronger retracement of aforesaid rise to 1.1006/16.
Data to be released later today:
UK rightmove house price, Italy CPI, CPI(EU norm) final.
And U.S. New York Fed manufacturing on Monday.
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