Intra-day news and views and data to be released today – EUR/USD
|Intra-day market moving news and views
Update Time: 20 July 2021 05:30GMT.
EUR/USD - 1.1799.. Euro moves narrowly in subdued Asian morning after Monday's roller-coaster ride. Although price met selling at 1.1813 (AUS) n fell in Europe on renewed USD's strength to 1.1766, then to a fresh 3-month low of 1.1765 shortly after New York open, price briefly jumped to 1.1824 on active buying in EUR/GBP and short squeeze before retreating to 1.1792 in late New York.
Despite intra-day marginal weakness to 1.1791 at Asian open, as said yesterday's low suggests recent decline has made a temp. bottom, range trading is likely to continue in Europe n above 1.1824 would bring stronger retracement to 1.1845/50 before prospect of retreat.
Bids are noted at 1.1795/90 with stops below 1.1765 while offers are tipped at 1.1815/20 with stops touted above 1.1825.
On the data front, we have Germany's PPI n then EU's current account.
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.