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AceTraderFx Dec 24: Intra-Day Market Moving News and Views -EUR/USD
Intra-Day Market Moving News and Views
24 Dec 2018 03:00GMT
EUR/USD - 1.1378.. Euro gains respite in holiday-thinned quiet trading in Asia after Friday's intra-day selloff from 1.1475 (Europe) to as low as 1.1355 as renewed weakness in the Dow triggered safe-haven usd and yen buying.
Although price is expected to move sideways until European opening, as Fri's weakness to 1.1355 suggests recent erratic upmove has made a top at Thursday's 5-week peak at 1.1486, consolidation with downside bias remains for further weakness esp in New York session due to early close of European markets for the Xmas break.
Order book is pretty light on this holiday-shortened week with some offers tipped at 1.1385/95 n stops above 1.1400/10.
Some bids are noted at 1.1355-50 with stops below 1.1330.
No eco. data is due out from euro area countries n expect trading to be thin as many traders will take long Xmas lunch breaks and dealing operation will end earlier today.
AceTrader - Best Intra-day Forex Trading Strategies
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Intra-Day Market Moving News and Views
24 Dec 2018 03:00GMT
EUR/USD - 1.1378.. Euro gains respite in holiday-thinned quiet trading in Asia after Friday's intra-day selloff from 1.1475 (Europe) to as low as 1.1355 as renewed weakness in the Dow triggered safe-haven usd and yen buying.
Although price is expected to move sideways until European opening, as Fri's weakness to 1.1355 suggests recent erratic upmove has made a top at Thursday's 5-week peak at 1.1486, consolidation with downside bias remains for further weakness esp in New York session due to early close of European markets for the Xmas break.
Order book is pretty light on this holiday-shortened week with some offers tipped at 1.1385/95 n stops above 1.1400/10.
Some bids are noted at 1.1355-50 with stops below 1.1330.
No eco. data is due out from euro area countries n expect trading to be thin as many traders will take long Xmas lunch breaks and dealing operation will end earlier today.
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