Daily Recommendations on Major - EUR/USD

AceTrader Team AceTrader

MARKET OUTLOOK on Major
Update Time: 07 Nov 2018 06:30 GMT

EUR/USD - 1.1444
Despite euro's initial brief break of Fri's 1.1456 top to a 2-week high of 1.1473 on news of U.S. Democrat's lead in the House election, intra-day selloff to 1.1396 suggests early upmove from Oct's 2-1/2 month trough at 1.1303 has possibly made a temporary top and choppy sideways swings are in store.

Below 1.1392/96 would bring stronger retracement to 1.1355/65 before rebound whilst above 1.1476 would extend said rise towards 1.1494 later today

Data to be released later on Wednesday :
Germany industrial output, UK Halifax house prices, Italy retail sales, EU retail sales, U.S. MBA mortgage application, and Canada Ivey PMI.

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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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