EUR/USD: Daily recommendations on major
|EUR/USD - 1.2138
Euro's rebound from 1.2082 (Friday) to 1.2144 yesterday suggests re-test of last week's 1.2149 high would be forthcoming soon due to renewed usd's weakness on risk appetite, above would extend upmove from Feb's 1.1953 trough to 1.2190, loss of upward momentum should cap price below daily res at 1.2222.
Only below 1.2082 dampened bullishness and may risk stronger retracement of said rise to 1.2045/50.
Data to be released on Tuesday:
China market holiday, Japan tertiary industry activity.
France unemployment rate, Italy trade balance, Germany economic sentiment, current conditions, EU employment change, GDP.
Canada housing starts and US NY Fed manufacturing.
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