Daily Recommendations on Major -EUR/USD

AceTrader Team AceTrader

DAILY MARKET OUTLOOK on Major
Update Time: 10 Apr 2018 05:30 GMT

EUR/USD - 1.2322

Euro's anticipated rally to 1.2330 due to renewed usd's broad-based weakness in New York confirms recent decline from March's 1.2477 high ended earlier at 1.2215 (Friday) and consolidation with upside bias remains for marginal gain, reckon 1.2373/77 (previous sup, now res) may hold on 1st testing.

On the downside, only below 1.2291 signals temporary top is made and risk stronger retracement to 1.2260/61 before prospect of another rise later this week.

Data to be released later on Tuesday:
France industrial output, Italy industrial output, U.K. BRC retail sales, Canada housing starts, building permits.
U.S. PPI, core PPI, redbook, wholesale inventories, wholesale sales

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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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