AceTraderFx Feb 11: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major
Update Time: 11 Feb 2019 05:30 GMT
EUR/USD - 1.1326
Euro's weakness to 1.1320 (New York) on Friday, then 1.1315 in New Zealand today suggests re-test of previous sup at 1.1290 would be seen after consolidation, a break there would extend recent fall from January's 1.1570 peak to 1.1267/70, loss of momentum should keep price above 1.1245/50.
On the upside, only above 1.1360 signals temporary low has been made and may risk stronger retracement to 1.1380/85.
Although no euro area data is due out today, the Eurogroup is meeting on Monday and ECB President Draghi will participate in this meeting. ECB VP Guindos will deliver a speech at a business school in Madrid at 08:30GMT.
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Update Time: 11 Feb 2019 05:30 GMT
EUR/USD - 1.1326
Euro's weakness to 1.1320 (New York) on Friday, then 1.1315 in New Zealand today suggests re-test of previous sup at 1.1290 would be seen after consolidation, a break there would extend recent fall from January's 1.1570 peak to 1.1267/70, loss of momentum should keep price above 1.1245/50.
On the upside, only above 1.1360 signals temporary low has been made and may risk stronger retracement to 1.1380/85.
Although no euro area data is due out today, the Eurogroup is meeting on Monday and ECB President Draghi will participate in this meeting. ECB VP Guindos will deliver a speech at a business school in Madrid at 08:30GMT.
AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates