Daily Recommendations on Major -EUR/USD

  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.

 

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