DAILY MARKET OUTLOOK on Major
Update Time: 13 Jul 2018 5:30 GMT
EUR/USD - 1.1664
Although euro's intra-day weakness after yesterday's rebound from 1.1650 to 1.1696 suggests erratic decline from Monday's 3-week high at 1.1791 to retrace recent upmove would extend to 1.1630, loss of downward momentum should keep price well above last week's low at 1.1591 and bring rebound later today or Monday.
On the upside, a daily close above 1.1696 would be the 1st signal said retreat from 1.1791 has ended would outlook would improve for subsequent headway towards 1.1758.
Data to be released on Friday :
Germany wholesale price, France nonfarm payrolls, Swiss producer/import price, and U.S. import prices, export prices, University 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.