Daily Recommendations on Major - EUR/USD

Update Time: 14 Feb 2018 06:30 GMT

EUR/USD - 1.1265
Euro's intra-day brief break of Tuesday's 2-1/2 month low at 1.1258 due to follow-through selling in Australia on renewed usd's strength in New York session suggests price is en route towards 2018 16-month bottom at 1.1216 (November), a break there would pressure euro towards 1.1185/90 later.

On the upside, only above 1.1300/10 signals temporary low is made and may risk another bounce to 1.1340/44.

Today is GDP day in the euro area countries, France will kick off with unemployment rate, then German Q4 GDP, then EU's GDP employment change.

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