Intra-day news and views and data to be released today - EUR/USD
|Intra-Day Market Moving News and Views
Update Time: 06 Apr 2020 04:30GMT
EUR/USD - 1.0813.. The single currency gains respite in subdued Asian trading after having fallen for 5 consecutive days last week from 1.1143 (Monday) to as low as 1.0771 on Fri due to renewed usd's broad-based strength.
As euro's decline after staging an impressive rally from March's near 35-year bottom at 1.0637 to 1.1147 earlier suggests said correction, although strong, has ended n selling the pair on intra-day recovery for further weakness towards 1.0747 after consolidation is favoured.
Offers are tipped at 1.0825/35 and more above with stops above 1.0860 whilst bids are noted at 1.0800/1.0790 with stops below 1.0770.
Following release of very downbeat PMIs from the euro area countries on Friday, the only eco. data due out today is Germany's industrial orders at 06:00GMT, one can expect the figure to be dismal n hence another round of euro selling.
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