Daily Recommendations on Major - EUR/USD

AceTrader Team AceTrader

DAILY MARKET OUTLOOK on Major
Update Time: 10 Dec 2018 05:30 GMT

EUR/USD - 1.1412
Friday's intra-day erratic rise to a fresh 2-week high of 1.1423 due to usd's broad-based weakness after downbeat U.S. NFP suggests consolidation with upside bias remains but above 1.1472 res needed to retain bullish prospect for early rise from 2018 bottom at 1.1216 (November) to head to next daily obj. at 1.1500 later.

On the downside, only below near term good sup at 1.1359/60 signals temporary top is in place and may risk stronger retracement to 1.1320/30.

A government source said on Friday that the Italian ruling coalition aimed to send a revised budget to the EU on Wednesday.

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