Daily Recommendations on Major - EUR/USD
|
Update Time: 03 Oct 2019 03:30GMT
EUR/USD - 1.0960
Although euro's rebound from Tuesday's fresh 28-month trough at 1.0880 to 1.0963 (New York) yesterday's suggests recent downtrend has made a temporary low and range trading is likely to continue ahead of release of Fri's key U.S. jobs data, a daily close above 1.0967 needed to bring stronger retarcement towards 1.1025.
Below 1.0905 anytime signals said correction has ended and would yield re-test of 1.0880, then later towards 1.0840.
Today is PMI day in the euro area countries (markets in Germany are closed), Italy will kick off with Markit services PMI, then the same from France, Germany n the EU, EU's producer prices, n retail sales. We also have ECB's Enria n ECB Vice Predident de Guindos speaking in European morning.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.