Daily Recommendations on Major -EUR/USD

Update Time: 18 May 2018 05:30 GMT

EUR/USD - 1.1803
Although yesterday's erratic fall from 1.1838 to 1.1777 suggests euro's correction from Wed's 5-1/2 month bottom at 1.1763 has possibly ended, subsequent sideways move in New York would bring consolidation initially today before one more fall, loss of downward momentum should keep price above daily sup at 1.1718.

Only a daily close above 1.1845 confirms a temporary low is made and risk stronger retracement to 1.1890/00.

Data out on Friday : 
Japan national CPI, national core CPI, Germany producer prices, wholesale price index, EU current account, trade balance, and Canada CPI, CPI BoC core, retail sales, retail sales ex-autos.

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.