Daily Recommendations on Major -EUR/USD

AceTrader Team AceTrader

DAILY MARKET OUTLOOK on Major
Update Time: 14 Aug 2017 02:05 GMT

EUR/USD - 1.1821
Euro's intra-day erratic rise to 1.1846 in post-CPI New York session on Friday suggests early correction from August's fresh 2-1/2 year peak at 1.1909 has ended at 1.1689 (Wednesday) and consolidation with upside bias remains for further subsequent gain to 1.1889/92.
However, reckon 1.1909 should hold from here.

On the downside, only below Friday's low at 1.0749 (Europe) 'prolongs' choppy consolidation and may risk weakness towards 1.1705/15.

Data to be released today:
New Zealand retail sales, Japan GDP, Australia RBA meeting's minutes, China industrial output, retail sales and EU industrial production.

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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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