acetraderfx
AceTrader.com Representative
- Messages
- 1,109
AceTraderFx Jun 09: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major
Update Time: 09 Jun 2022 03:00GMT
EUR/USD - 1.07416
Euro's selloff from last Monday's 1-month peak at 1.0786 to as low as 1.0628 (Wednesday) suggests upmove from May's fresh 5-year bottom at 1.0350 has made a top there and despite strong rebound from 1.0653 (Tuesday) to 1.0748 in New York yesterday, subsequent retreat on usd's rebound signals downside bias remains and below 1.0653 would head towards 1.0628.
On the upside, only a daily close above 1.0764 would risk stronger gain towards 1.0786 but 1.0807 should hold initially.
Data to be released on Thursday:
China exports, imports, trade balance, Japan machine tool orders.
U.K. RICS housing price balance, France non-farm payrolls, EU ECB refinancing rate, ECB deposit rate.
U.S. initial jobless claim and continuing jobless claims.
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: 09 Jun 2022 03:00GMT
EUR/USD - 1.07416
Euro's selloff from last Monday's 1-month peak at 1.0786 to as low as 1.0628 (Wednesday) suggests upmove from May's fresh 5-year bottom at 1.0350 has made a top there and despite strong rebound from 1.0653 (Tuesday) to 1.0748 in New York yesterday, subsequent retreat on usd's rebound signals downside bias remains and below 1.0653 would head towards 1.0628.
On the upside, only a daily close above 1.0764 would risk stronger gain towards 1.0786 but 1.0807 should hold initially.
Data to be released on Thursday:
China exports, imports, trade balance, Japan machine tool orders.
U.K. RICS housing price balance, France non-farm payrolls, EU ECB refinancing rate, ECB deposit rate.
U.S. initial jobless claim and continuing jobless claims.
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