DAILY MARKET OUTLOOK on Major
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.
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