EUR/USD - 1.0560
Although euro's rally from Jun's 1-month bottom at 1.0360 to as high as 1.0605 last Wednesday suggests further choppy trading above May's 5-year trough at 1.0350 would continue, Friday's decline to 1.0484 signals consolidation with downside bias remains and below 1.0470 would yield weakness towards 1.0445.
On the upside, only above above 1.0580 would prolong choppy sideways swings and risks re-test of 1.0605, break, 1.0630 later.
Data to be released today
Japan coincident index, leading indicator.
U.S. durables goods, durables ex-transport, durables ex-defense, pending home sales and Dallas Fed manufacturing business on Monday.
Trendsetter does not warrant or guarantee the accuracy, timeliness or completeness to its service or information contained therein. Trendsetter does not give, whatsoever, warranties, expressed or implied, to the results to be obtained by using its services or information it provided. Users are trading on their own risk and Trendsetter shall not be responsible under any circumstances for the consequences of such activities. Trendsetter and its affiliates, in no event, be liable to users or any third parties for any consequential damages, however arising, including but not limited to damages caused by negligence whether such damages were foreseen or unforeseen.