Intraday news and views – EUR/USD

AceTrader Team AceTrader

Intraday EUR/USD outlook - 0.9560

Yesterday's erratic fall from 0.9670 (Europe) to 0.9570 in New York due to renewed USD's strength on rising US yields suggests correction from Monday's fresh 2-decade trough at 0.9559 has ended the same day at 0.9701 and present break of 0.9559 would had towards 0.9520.

Lower short entry to 0.9565 for 0.9525 and only above 0.9600/07 risks retrace. to 0.9625/30 later.

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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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