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AceTraderFx Nov 12: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major
Update Time: 12 Nov 2020 03:00GMT
EUR/USD - 1.1777
Despite euro's resumption of upmove from last Wednesday's 3-month trough at 1.1603 to a 7-week high at 1.1919 on Monday, subsequent fall to 1.1781 on Tuesday, then 1.1746 yesterday suggests temporary top is made and stronger retracement to 1.1700/05 would be seen after consolidation but 1.1681 should hold today.
On the upside, only above 1.1833/43 would risk gain to 1.1880/90, above may bring re-test of 1.1919.
Data to be released on Thursday :
Japan corporate goods price index, machinery orders, tertiary industry activity, Australia consumer inflation expectation.
UK RICS housing price balance, GDP, industrial output, manufacturing output, construction output, trade balance, GDP, Germany CPI, HICP, EU industrial production.
U.S. core CPI, CPI, real weekly earnings, initial jobless claims, continued jobless claims, Federal budget and Canada new housing price index.
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Update Time: 12 Nov 2020 03:00GMT
EUR/USD - 1.1777
Despite euro's resumption of upmove from last Wednesday's 3-month trough at 1.1603 to a 7-week high at 1.1919 on Monday, subsequent fall to 1.1781 on Tuesday, then 1.1746 yesterday suggests temporary top is made and stronger retracement to 1.1700/05 would be seen after consolidation but 1.1681 should hold today.
On the upside, only above 1.1833/43 would risk gain to 1.1880/90, above may bring re-test of 1.1919.
Data to be released on Thursday :
Japan corporate goods price index, machinery orders, tertiary industry activity, Australia consumer inflation expectation.
UK RICS housing price balance, GDP, industrial output, manufacturing output, construction output, trade balance, GDP, Germany CPI, HICP, EU industrial production.
U.S. core CPI, CPI, real weekly earnings, initial jobless claims, continued jobless claims, Federal budget and Canada new housing price index.
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