Intra-Day News and Views & data to be released today - EUR/USD

AceTrader Team AceTrader

Intra-Day Market Moving News and Views
Update Time: 19 July 2019 03:00GMT

EUR/USD - 1.1263.. Trading the single currency proved to be tricky in hectic Thursday's session. Although euro extended previous day's gain to 1.1244 shortly after European morning, price briefly fell to 1.1206 on dovish ECB's report by Bloomberg n only later to jump to session highs of 1.1280 in NY afternoon due to broad-based usd's weakness on Fed Williams' dovish remarks but official statement by New York Fed briefly knocked price back down to 1.1241 in Australia.

Euro's daily swings seen this week suggests recent price gyrations inside 1.1285-1.1201 range would continue and as long as upper level holds, another fall towards 1.1201 is likely but below July's 1.1194 bottom needed to extend recent decline towards projected downside target at 1.1150.
Offers are tipped at 1.1275/85 with stops above there whilst bids are noted at 1.1245-35 with stop below 1.1220, more stops are touted below 1.1190, then below 1.1180.

On the data front, Germany will kick off with PPI n then followed by EU's current account.

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