Daily Recommendations on Major -EUR/USD

AceTrader Team AceTrader

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.

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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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