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AceTraderFx Jun 15: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major
Update Time: 15 June 2020 03:30GMT
EUR/USD - 1.1246
Euro's decline from last Thursday's 3-month peak at 1.1422 to as low as 1.1213 (New York) on Friday confirms medium-term upmove has made a temporary top and downside bias remains for a long-overdue correction towards 1.1147.
Only a daily close above 1.1277 signals 1st leg of correction is over, however, reckon 1.1340 (Friday high) should remain intact and yield another fall later this week.
Data to be released today :
UK house price Rightmove, China industrial output, house price, retail sales, Japan tertiary industry activity, Swiss import price, Italy consumer prices, CPI (EU norm), EU trade balance.
U.S. New York Fed manufacturing and Canada manufacturing sales 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
Update Time: 15 June 2020 03:30GMT
EUR/USD - 1.1246
Euro's decline from last Thursday's 3-month peak at 1.1422 to as low as 1.1213 (New York) on Friday confirms medium-term upmove has made a temporary top and downside bias remains for a long-overdue correction towards 1.1147.
Only a daily close above 1.1277 signals 1st leg of correction is over, however, reckon 1.1340 (Friday high) should remain intact and yield another fall later this week.
Data to be released today :
UK house price Rightmove, China industrial output, house price, retail sales, Japan tertiary industry activity, Swiss import price, Italy consumer prices, CPI (EU norm), EU trade balance.
U.S. New York Fed manufacturing and Canada manufacturing sales 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
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