Daily Recommendations on Major - EUR/USD

Update Time: 15 Sept 2017 03:05 GMT

EUR/USD - 1.1913
Euro's anticipated strong rebound from yesterday's 2-week trough at 1.1839 to 1.1924 at Asian open today signals 1st leg of correction from last Fri's fresh 30-month peak at 1.2093 has ended and several days of 'choppy' consolidation is seen with near term upside bias, however, reckon 1.2065/70 should cap present rise. 

On the downside, only below 1.1867 suggests correction from 1.0839 is over and risks one more fall towards next daily chart objective at 1.1824. 

Data to be released on Friday: 
New Zealand manufacturing PMI,Germany wholesale price index, EU trade balance, and U.S. NY Fed manufacturing, retail sales, industrial output, capacity utilization, manufacturing output, business inventories, U. of Michigan sentiment. 

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.