Daily Recommendations on Major - EUR/USD

Update Time: 14 Jan 2019 05:30 GMT

EUR/USD - 1.1468
Fri's selloff from 1.1540 (Europe) and then break of 1.1485 sup to .1458 in New York morning due to renewed usd's strength confirms recent upmove from 2018 bottom at 1.1216 (November) has made a temporary top at Thursday's 11-week high at 1.1570 and consolidation with downside bias remains for stronger retracement towards 1.1393 before prospect of rebound.

Intra-day recovery from 1.1440 (New Zealand) would bring range trading in Asia and European morning before down and only above 1.1540 signals correction has ended.

Eco. calendar in the euro area countries is very light with EU's industrail production being the only data due out at 10:00GMT.

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