Intra-Day Market Moving News and Views
Update Time: 19 Feb 2019 03:00GMT
EUR/USD - 1.1304... Although the single currency briefly penetrated yesterday's Asian high at 1.1325 to 1.1334 in Europe, lack of follow-through buying triggered profit-taking and price dropped to 1.1302 in holiday-thinned North American session before stabilising.
However, euro met renewed selling at 1.1316 and retreated again in Asian morning on usd's broad-based rebound.
Euro's retreat from yesterday's high at 1.1334 signals upmove from Friday's low at 1.1324 has made a temp. top, therefore choppy trading with mild downside bias would be seen.
Bids are now lowered to 1.1280/90 and more below at 1.1260/70 with stops building up below there whilst offers are noted at 1.1340/50.
There is a slew of eco. data from the euro region today but one must pay particular attention to release of Germany ZEW economic sentiment n current conditions at 10:00GMT.
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