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AceTraderFx Sept 06: Intra-Day Market Moving News and Views -EUR/USD
Intra-Day Market Moving News and Views
06 Sept 2018 03:00GMT
EUR/USD - 1.1644.. Euro extended yesterday's 'cable-led' rally at Asian open as intra-day selloff in dlr/yen triggered renewed broad-based usd's weakness, price easily climbed above New York high at 1.1640 to 1.1659 after tripping stops above 1.1645, however, euro quickly eased on lack of follow-through buying.
Although yesterday's anticipated rally to 1.1640, then 1.1659 today signals correction from August's 1.1734 peak has ended at 1.1530 (Tuesday), intra-day pullback suggests range trading is likely to be seen until European open before prospect of further rise. Therefore, buying euro on dips again is the way to go.
Bids are noted at 1.1620-10 with some stops below 1.1600.
Offers are tipped at 1.1660/70 with stops above 1.1700.
Eco. calendar in the euro area countries is pretty thin with Germany's industrial order being the only data due out at 06:00GMT.
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
Intra-Day Market Moving News and Views
06 Sept 2018 03:00GMT
EUR/USD - 1.1644.. Euro extended yesterday's 'cable-led' rally at Asian open as intra-day selloff in dlr/yen triggered renewed broad-based usd's weakness, price easily climbed above New York high at 1.1640 to 1.1659 after tripping stops above 1.1645, however, euro quickly eased on lack of follow-through buying.
Although yesterday's anticipated rally to 1.1640, then 1.1659 today signals correction from August's 1.1734 peak has ended at 1.1530 (Tuesday), intra-day pullback suggests range trading is likely to be seen until European open before prospect of further rise. Therefore, buying euro on dips again is the way to go.
Bids are noted at 1.1620-10 with some stops below 1.1600.
Offers are tipped at 1.1660/70 with stops above 1.1700.
Eco. calendar in the euro area countries is pretty thin with Germany's industrial order being the only data due out at 06:00GMT.
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