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AceTraderFx July 05: Intra-Day News and Views & data to be released today -EUR/USD
Intra-Day Market Moving News and Views
Update Time: 05 July 2021 05:30GMT
EUR/USD - 1.1853.. Euro trades narrowly in subdued Asian morning with a soft bias after staging a strong bounce from Fri's 2-1/2 month trough of 1.1808 in post-NFP New York morning to 1.1874 on short covering.
As said rebound from 1.1808 signals recent decline has made a temp. low, range trading with mild upside bias remains for a minor correction towards 1.1884 b4 prospect of a retreat.
Order board is fairly thin on Mon with offers tipped at 1.1870/75 with stops above 1.1885 while some bids are noted at 1.1845/35 n more below with stop below 1.1800.
Today is PMI day in the euro area countries, please refer to our EI page for details, pay attention to services PMI for Germany n EU n then EU's sentix data.
A number of ECB officials are scheduled to speak, ECB President Lagarde will appear in a panel discussion at an event. As U.S. market is closed for market holiday, trading will quieten down in European afternoon.
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
Intra-Day Market Moving News and Views
Update Time: 05 July 2021 05:30GMT
EUR/USD - 1.1853.. Euro trades narrowly in subdued Asian morning with a soft bias after staging a strong bounce from Fri's 2-1/2 month trough of 1.1808 in post-NFP New York morning to 1.1874 on short covering.
As said rebound from 1.1808 signals recent decline has made a temp. low, range trading with mild upside bias remains for a minor correction towards 1.1884 b4 prospect of a retreat.
Order board is fairly thin on Mon with offers tipped at 1.1870/75 with stops above 1.1885 while some bids are noted at 1.1845/35 n more below with stop below 1.1800.
Today is PMI day in the euro area countries, please refer to our EI page for details, pay attention to services PMI for Germany n EU n then EU's sentix data.
A number of ECB officials are scheduled to speak, ECB President Lagarde will appear in a panel discussion at an event. As U.S. market is closed for market holiday, trading will quieten down in European afternoon.
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