Daily Recommendations on Major -EUR/USD

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. 

Trendsetter does not warrant or guarantee the accuracy, timeliness or completeness to its service or information contained therein. Trendsetter does not give, whatsoever, warranties, expressed or implied, to the results to be obtained by using its services or information it provided. Users are trading on their own risk and Trendsetter shall not be responsible under any circumstances for the consequences of such activities. Trendsetter and its affiliates, in no event, be liable to users or any third parties for any consequential damages, however arising, including but not limited to damages caused by negligence whether such damages were foreseen or unforeseen.