EUR/USD: Daily recommendations on major

AceTrader Team AceTrader

EUR/USD - 1.1898
Euro's choppy swings from last Thursday's 2-week high at 1.1927 may continue and as long as near term good sup at 1.1861 holds, corrective rise from Mar's 1.1705 low may extend marginal gain, however, loss of upward momentum should cap price below 1.1990 and yield decline later.

A daily close below 1.1861 signals top is made and yields weakness to 1.1819/21, then 1.1786/96

Data to be released today:

Japan corporate goods price, machinery orders.
EU retail sales, U.S. Federal Budget on Monday.

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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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