EUR/USD: Daily recommendations on major
|EUR/USD - 1.1335
Euro's rally from 1.1268 ahead of European open on Wed to 1.1354 in New York on broad-based usd's weakness suggests pullback from last week's 1.1382 high has ended at 1.1229 (Tue) and above 1.1382 would extend early rise from Nov's 16-month 1.1187 trough twd 1.1434 before retreat due to overbough condition.
On the downside, only below 1.1296/99 signals top is made and risks weakness to 1.1267/68 later.
Data to be released on Thursday:
New Zealand manufacturing sales,China PPI, CPI. U.K. TICS housing price balance, Germany exports, imports, trade balance, current account,
Canada leading index, U.S. initial jobless claims, continuing jobless claims, wholesales inventories and wholesale sales.
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.