AceTraderFx July 11: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major
Update Time: 11 July 2022 03:00GMT
EUR/USD - 1.0159
Despite euro's selloff below 1.0145 (Thursday) to a fresh 20-year bottom at 1.0073 in Europe Friday, subsequent strong rise to 1.0189 following robust U.S. NFP in New York suggests recent erratic decline has made a temporary trough there and may head back towards 1.0221 before retreat.
On the downside, a daily close below 1.0100 would indicate said recovery has ended and yield weakness towards 1.0073, break, 1.0045/50.
Data to be released later:
New Zealand retail sales, Japan Machinery orders, machine tool orders.
Italy retail sales.
Canada leading index 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 update
DAILY MARKET OUTLOOK on Major
Update Time: 11 July 2022 03:00GMT
EUR/USD - 1.0159
Despite euro's selloff below 1.0145 (Thursday) to a fresh 20-year bottom at 1.0073 in Europe Friday, subsequent strong rise to 1.0189 following robust U.S. NFP in New York suggests recent erratic decline has made a temporary trough there and may head back towards 1.0221 before retreat.
On the downside, a daily close below 1.0100 would indicate said recovery has ended and yield weakness towards 1.0073, break, 1.0045/50.
Data to be released later:
New Zealand retail sales, Japan Machinery orders, machine tool orders.
Italy retail sales.
Canada leading index 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 update