Daily Recommendations on Major -EUR/USD

AceTrader Team AceTrader

DAILY MARKET OUTLOOK on Major
Update Time: 11 Dec 2017 06:00 GMT

EUR/USD - 1.1730
Despite euro's resumption of recent recent decline to a 2-1/2 week trough of 1.1730 after release of U.S. jobs data, subsequent swift bounce suggests temporary low has been made and consolidation is in store, above 1.1814 is needed to confirm temp. low has been made and bring stronger retracement towards 1.1848.

On the downside, below 1.1730 would yield marginal weakness, however, loss of downward momentum would keep price above 1.1678 today.

Eco. data from the euro area is very thin with Italy's retail sales being the only data due out at 09:00GMT.
ECB's Villeroy and Bank of France gov. Villeroy will speak at a banking conference in Paris at 08:00GMT.

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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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