Daily Recommendations on Major - EUR/USD

Update Time: 07 Dec 2018 05:30 GMT

EUR/USD - 1.1377
Despite yesterday's initial weakness to 1.1321, subsequent rally to 1.1412 suggests this week's daily wild swings would continue inside recent broad range of 1.1216-1.1472, above this week's high at 1.1420 would extend marginal gain but indicated upper level should cap upside.

On the downside, below 1.1305/11 sup would shift risk to downside and yield subsequent decline towards 1.1267.

Eco calendar in the euro area countries is pretty heavy, please refer to our EI section for details.

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