DAILY MARKET OUTLOOK on Major
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.
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.