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AceTraderFx Dec 18: Intra-Day News and Views & data to be released today – EUR/USD
Intra-Day Market Moving News and View
Update Time: 18 Dec 2020 05:30GMT
EUR/USD - 1.2247.. Although euro maintained a firm undertone in later NY trading n Australian morning today after Thur's impressive rally abv Wed's 1.2211 top to a fresh 2-1/2 year peak of 1.2273 in NY session, intra-day strg retreat in cable has 'dragged' price lower in Asia, suggesting range trading would continue until European open.
As y'day's break of Wed's 1.2211 high (now sup) signals recent uptrend remains in progress, buying on dips is still favoured. Bids are noted at 1.2240-30 n more below with stops touted below 1.2210. On the upside, offers are tipped at 1.1.2270/75 with stops abv there.
The euro area countries will release a slew of eco. data, pls refer to our EI page for details. Pay particular attention to Germany's Ifo data at 09:00GMT especiallt Ifo business climate, street forecast is 89.0 vs prev. reading at 90.7, if actual reading comes in better then forecast, then euro will move higher n vice versa
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
Intra-Day Market Moving News and View
Update Time: 18 Dec 2020 05:30GMT
EUR/USD - 1.2247.. Although euro maintained a firm undertone in later NY trading n Australian morning today after Thur's impressive rally abv Wed's 1.2211 top to a fresh 2-1/2 year peak of 1.2273 in NY session, intra-day strg retreat in cable has 'dragged' price lower in Asia, suggesting range trading would continue until European open.
As y'day's break of Wed's 1.2211 high (now sup) signals recent uptrend remains in progress, buying on dips is still favoured. Bids are noted at 1.2240-30 n more below with stops touted below 1.2210. On the upside, offers are tipped at 1.1.2270/75 with stops abv there.
The euro area countries will release a slew of eco. data, pls refer to our EI page for details. Pay particular attention to Germany's Ifo data at 09:00GMT especiallt Ifo business climate, street forecast is 89.0 vs prev. reading at 90.7, if actual reading comes in better then forecast, then euro will move higher n vice versa
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