Daily Recommendations on Major - EUR/USD

AceTrader Team AceTrader

DAILY MARKET OUTLOOK on Major
Update Time: 15 Apr 2019 05:30 GMT

EUR/USD - 1.1308
Euro's resumption of recent upmove from April's 1.1184 low to a 2-week high of 1.1325 due to active eur/yen demand suggests said rise would head to 1.1375 after consolidation, loss of momentum is expected to cap price at 1.1400 this week and yield retreat.

On the downside, only below 1.1270/80 signals top is in place, then risk would shift to the downside for stronger retracement to 1.1250 and later 1.1230.

There is no eco. data due out from the euro area countries n no EZ officials are scheduled to speak, therefore, funds flow (more eur/yen buying perhaps) will dominate intra-day price swings.

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AceTrader Team

AceTrader

Led by world-renowned technical analyst Wilson Leung, we have a team of 7 analysts monitoring the market and updating our recommendations and commentaries 24 hours a day.

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