Intra-Day Market Moving News and Views - EUR/USD

AceTrader Team AceTrader

Intra-Day Market Moving News and Views
21 Mar 2017 03:00GMT

EUR/USD - ...... Although euro fell initially ahead of Asian open to 1.0720 after tripping light stops below o/n NY low of 1.0735, short covering quickly lifted the single currency and price quickly rallied on broad-based usd's weakness (except vs yen), the pair later climbed on intra-day high of 1.0770 before stabilising.

Euro's rebound from 1.0720 strongly suggests correction from last week's 1.0783 high has ended and trading the euro from long side is the way to go.
Bids are noted at 1.0750-40 and more below with stops below 1.0700.
Offers are tipped at 1.0770/80 with stops above there, more stops are touted above 1.0800.

Data to be released later:
Swiss trade balance, UK CPI, core CPI, RPI, PPI input, PPI output, PPI core output, PSNB, PSNCR, CBI trends,
Canada retail sales, U.S. current account and redbook retail sales.

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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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