AceTraderFx Jun 29: Intra-Day News and Views & data to be released today -EUR/USD
Intra-Day Market Moving News and Views
Update Time: 29 Jun 2021 05:30GMT
EUR/USD - 1.1914.. Euro trades narrowly but with a soft bias in Asia after Monday's roller-coaster ride. Despite staging a rebound from 1.1921 (Asia) to 1.1944 in Europe, price fell to session lows of 1.1903 before staging a rebound as intra-day decline in US yields triggered short covering.
As the decline from 1.1975 (Fri) to 1.1903 suggests correction from June's 2-1/2 month trough at 1.1848 has possibly ended, downside bias remains for weakness to 1.1882 where a break there would bring re-test of 1.1848.
Offers are tipped at 1.1935/40 with stops above 1.1950 while bids are noted at 1.1905/00 with stops below there n more stops are touted below 1.1880.
On the data front, the euro area countries will release a slew of data, please refer to our EI page for details, pay attention to EU's business climate n economic sentiment at 09:00GMT. ECB President Lagarde will speak at the Brussels Economic Forum 2021 at 10:00GMT n later 13:40 GMT.
AceTrader - Best Intra-day Forex Trading Strategies
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Intra-Day Market Moving News and Views
Update Time: 29 Jun 2021 05:30GMT
EUR/USD - 1.1914.. Euro trades narrowly but with a soft bias in Asia after Monday's roller-coaster ride. Despite staging a rebound from 1.1921 (Asia) to 1.1944 in Europe, price fell to session lows of 1.1903 before staging a rebound as intra-day decline in US yields triggered short covering.
As the decline from 1.1975 (Fri) to 1.1903 suggests correction from June's 2-1/2 month trough at 1.1848 has possibly ended, downside bias remains for weakness to 1.1882 where a break there would bring re-test of 1.1848.
Offers are tipped at 1.1935/40 with stops above 1.1950 while bids are noted at 1.1905/00 with stops below there n more stops are touted below 1.1880.
On the data front, the euro area countries will release a slew of data, please refer to our EI page for details, pay attention to EU's business climate n economic sentiment at 09:00GMT. ECB President Lagarde will speak at the Brussels Economic Forum 2021 at 10:00GMT n later 13:40 GMT.
AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time update