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AceTraderFx Jan 30: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major
Update Time: 30 Jan 2019 06:30 GMT
EUR/USD - 1.1436
Yesterday's marginal gain to 1.1451 suggests euro's upmove from last Thursday's 5-week trough at 1.1290 would head to 1.1470/75 after consolidation, however, loss of upward momentum suggests res at 1.1491 would cap upside and yield retreat.
On the downside, a daily close below 1.1390 signals temporary top is made and risk stronger retracement to 1.1350/55 later.
The euro area countries will release a slew of eco. data starting with France's Q4 GDP, Germany's Gfk consumer confidence, import n export price, France's consumer spending, Italy's bus. n consumer confidence, then EU's bus climate, eco. sentiment. industrial, services n consumer sentiment n lastly, Germany inflation data.
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Update Time: 30 Jan 2019 06:30 GMT
EUR/USD - 1.1436
Yesterday's marginal gain to 1.1451 suggests euro's upmove from last Thursday's 5-week trough at 1.1290 would head to 1.1470/75 after consolidation, however, loss of upward momentum suggests res at 1.1491 would cap upside and yield retreat.
On the downside, a daily close below 1.1390 signals temporary top is made and risk stronger retracement to 1.1350/55 later.
The euro area countries will release a slew of eco. data starting with France's Q4 GDP, Germany's Gfk consumer confidence, import n export price, France's consumer spending, Italy's bus. n consumer confidence, then EU's bus climate, eco. sentiment. industrial, services n consumer sentiment n lastly, Germany inflation data.
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