Intra-day news and views and data to be released today – EUR/USD

AceTrader Team AceTrader

Intra-Day Market Moving News and View

Update Time: 25 Jan 2021 05:30GMT

EUR/USD - 1.2173.. Euro also trades narrowly in Asia after Fri's resumption of near term upmove from last Monday's 6-week trough at 1.2055 to 1.2190 (Europe), as long as Fri's 1.2152 low holds, intra-day upside bias remains for said upmove to retrace recent decline to head to 1.2200/10, loss of momentum would cap price below res at 1.2222 n yield retreat later today.

For st trade, one can buy euro for marginal gain while position players may sell euro on upmove for another fall later this week.
Order board is pretty thin on Mon with some bids noted at 1.2165/55 with stops below 1.2135 whilst some offers are tipped at 1.2185/90 n more at 1.2210/20 with stops above 1.2230.

On the data front, Germany will kick off with key Ifo data at 09:00GMT, then the EU will release bus climate, eco. sentiment, industrial sentiment, services sentiment n consumer confidence at 10:00GMT.
We have a number of ECB members speaking today (pls see EI page for details), also pay attention to ECB President Lagarde who will speak at 08:45GMT n then at 16:00GMT.

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AceTrader Team

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