Daily Recommendations on Major - EUR/USD

AceTrader Team AceTrader

DAILY MARKET OUTLOOK on Major
Update Time: 13 Jun 2019 05:30 GMT

EUR/USD - 1.1296
Despite yesterday's initial firmness and intra-day gain to 1.1343 (Europe), failure to re-test Jun's 10-week high at 1.1347 and subsequent selloff to 1.1283 as the greenback caught a bid in New York session suggests further choppy trading below said res level would continue with near term downside bias, oversold condition is likely to keep price above sup at 1.1252 and bring rebound later today or tomorrow.

Above 1.1347 needed to extend recent upmove to 1.1378/83 whilst a daily close below 1.1252 would risk stronger retracement twd 1.1203.

Data to be released on Thursday :
UK RICS housing price balance, Australia employment change, unemployment rate, Germany CPI, HICP, Swiss producer/import price, EU industrial production, U.S. import prices, export prices, initial jobless claims, and Canada new housing price index.

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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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