AceTraderFx Nov 30: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major
Update Time: 30 Nov 2020 03:00GMT
EUR/USD - 1.1968
Euro's resumption of recent upmove to an 11-week high of 1.1964 (New York) on Friday due to renewed risk sentiment suggests price is en route to 2020 2-year peak at 1.2011 (Sep) after consolidation, a daily close above there would encourage for further headway toward next projected target at 1.2065 later.
On the downside, only below 1.1915 (European low Fri) signals temporary top is made and may risk stronger retracement to 1.1883/86 before prospect of rebound.
Data to be released later today:
Japan industrial output, retail sales, New Zealand business outlook, Australia business inventories, China non-manufacturing PMI, manufacturing PMI.
Swiss retail sales, KOF indicator, Italy CPI, Germany CPI, HICP.
Canada current account, producer prices, U.S. Chicago PMI, pending home sales and Dallas Fed manufacturing on Monday.
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Update Time: 30 Nov 2020 03:00GMT
EUR/USD - 1.1968
Euro's resumption of recent upmove to an 11-week high of 1.1964 (New York) on Friday due to renewed risk sentiment suggests price is en route to 2020 2-year peak at 1.2011 (Sep) after consolidation, a daily close above there would encourage for further headway toward next projected target at 1.2065 later.
On the downside, only below 1.1915 (European low Fri) signals temporary top is made and may risk stronger retracement to 1.1883/86 before prospect of rebound.
Data to be released later today:
Japan industrial output, retail sales, New Zealand business outlook, Australia business inventories, China non-manufacturing PMI, manufacturing PMI.
Swiss retail sales, KOF indicator, Italy CPI, Germany CPI, HICP.
Canada current account, producer prices, U.S. Chicago PMI, pending home sales and Dallas Fed manufacturing on Monday.
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 updates