Daily Recommendations on Major -EUR/USD

AceTrader Team AceTrader

DAILY MARKET OUTLOOK on Major
Update Time: 18 Jul 2017 02:30 GMT

EUR/USD - 1.1477
Euro's anticipated gain to 1.1487 in New York yesterday suggests re-test of last Wed's 14-month peak at 1.1490 would be forthcoming soon and above 'psychological' 1.1500 level would encourage for Medium Term uptrend to head towards next daily chart obj. at 1.1530 later.

Only a firm break below 1.1435 would prolong choppy consolidation and risk weakness to 1.1400 but sup at 1.1371 should remain intact.

Data to be released on Tuesday:
New Zealand CPI, China House Price Index.
UK RPI, CPI, PPI input, PPI output, DCLG house price.
U.S. export price, import price, redbook and NAHB housing market.

Author

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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