EUR/USD: Daily Recommendations on Major
|DAILY MARKET OUTLOOK on Major
Update Time: 30 Mar 2020 03:30GMT
EUR/USD - 1.1100
Euro's resumption of upmove from last Monday's near 3 -year trough of 1.0637 to 1.1147 (New York) Friday after intra-day retreat from 1.1086 (Asia) to 1.0954 in New York suggests said rise may head towards 1.1188, loss of momentum would cap price at 1.1236 and yield decline.
Remain as cautious buyer on dips for 1.1185 and only daily close below 1.1086 risks 1.1031, 1.0954.
Data to be released today:
UK nationwide house price, Swiss KOF indicator, EU business climate, economic sentiment, industrial sentiment, services sentiment, consumer confidence, Germany CPI, HICP.
U.S. pending home index, pending sales, Dallas Fed manufacturing business index on Monday
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