Daily Recommendations on Major - EUR/USD

AceTrader Team AceTrader

DAILY MARKET OUTLOOK on Major
Update Time: 03 Oct 2019 03:30GMT

EUR/USD - 1.0960
Although euro's rebound from Tuesday's fresh 28-month trough at 1.0880 to 1.0963 (New York) yesterday's suggests recent downtrend has made a temporary low and range trading is likely to continue ahead of release of Fri's key U.S. jobs data, a daily close above 1.0967 needed to bring stronger retarcement towards 1.1025.

Below 1.0905 anytime signals said correction has ended and would yield re-test of 1.0880, then later towards 1.0840.

Today is PMI day in the euro area countries (markets in Germany are closed), Italy will kick off with Markit services PMI, then the same from France, Germany n the EU, EU's producer prices, n retail sales. We also have ECB's Enria n ECB Vice Predident de Guindos speaking in European morning.

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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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