Daily Recommendations on Major -EUR/USD

AceTrader Team AceTrader

DAILY MARKET OUTLOOK on Major
Update Time: 27 Jun 2017 02:00 GMT

EUR/USD - 1.1184
Yesterday's retreat from 1.1220 to 1.1175 in New York afternoon after dovish comments by ECB's Draghi suggests euro's corrective rise from last Tuesday's near 3-week low at 1.1119 has possibly ended and consolidation with downside bias is in store, below 1.1140/46 sup would bring subsequent weakness towards 1.1119.

On the upside, only above previous res at 1.1225/29 would yield marginal gain, however, loss of upward momentum should cap price at 1.1240/44.

Data to be released on Tuesday:
New Zealand imports, exports, trade balance, Italy consumer confidence, business confidence, UK CBI trades, U.S. redbook, home price and consumer confidence.

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AceTrader Team

AceTrader

Led by world-renowned technical analyst Wilson Leung, we have a team of 7 analysts monitoring the market and updating our recommendations and commentaries 24 hours a day.

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