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AceTraderFx Jan 07: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major
Update Time: 07 Jan 2022 03:00GMT
EUR/USD - 1.1293
Euro's early decline from last Fri's 6-week peak at 1.1386 to 1.1273 (Tue) suggests correction from Nov's 16-month bottom at 1.1187 has possibly ended there, below 1.1273 would add credence to this view and head towards 1.1223.
On the upside, only a daily close above 1.1346 shifts risk to upside for a possible re-test of 1.1386 next week.
The euro area countries will release a slew of eco. data, pls refer to our EI page for details, pay attention to EU's retail sales, eco. n consumer sentiment indices at 10:00GMT.
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
Update Time: 07 Jan 2022 03:00GMT
EUR/USD - 1.1293
Euro's early decline from last Fri's 6-week peak at 1.1386 to 1.1273 (Tue) suggests correction from Nov's 16-month bottom at 1.1187 has possibly ended there, below 1.1273 would add credence to this view and head towards 1.1223.
On the upside, only a daily close above 1.1346 shifts risk to upside for a possible re-test of 1.1386 next week.
The euro area countries will release a slew of eco. data, pls refer to our EI page for details, pay attention to EU's retail sales, eco. n consumer sentiment indices at 10:00GMT.
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