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AceTraderFx May 10: Intra-Day News and Views & data to be released today -EUR/USD
Intra-Day Market Moving News and Views
Update Time: 10 May 2019 03:00GMT
EUR/USD - 1.1200.. Despite gyrating above n then below the 1.1200 handle in last 3 sessions this week, the single currency rallied above Tuesday's 1.1218 high in early New York trading as intra-day selloff in U.S. stocks as well as European equities led to broad-based usd's weakness, the single currency jumped to 1.1251 after tripping stops above 1.1230 but price soon pared intra-day gain as recovery in the Dow n S&P 500 boosted risk sentiment, causing euro to retreat to 1.1210 at New York close/Australia.
As euro has finally found a firm footing well above 1.1200, suggesting consolidation with upside bias remains and stops above 1.1265 are now in focus.
Bids are noted at 1.1215-05 with stops touted below 1.1200, more below 1.1960.
Offers are tipped at 1.1250/60 with stops above 1.1265/70.
On the eco. data front, we have a slew of data from euro area countries plus a number of ECB officials speaking during the day (see EI section for details). The euro area will release a slew of eco. data during European morning (see refer to our EI section for details).
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 Views
Update Time: 10 May 2019 03:00GMT
EUR/USD - 1.1200.. Despite gyrating above n then below the 1.1200 handle in last 3 sessions this week, the single currency rallied above Tuesday's 1.1218 high in early New York trading as intra-day selloff in U.S. stocks as well as European equities led to broad-based usd's weakness, the single currency jumped to 1.1251 after tripping stops above 1.1230 but price soon pared intra-day gain as recovery in the Dow n S&P 500 boosted risk sentiment, causing euro to retreat to 1.1210 at New York close/Australia.
As euro has finally found a firm footing well above 1.1200, suggesting consolidation with upside bias remains and stops above 1.1265 are now in focus.
Bids are noted at 1.1215-05 with stops touted below 1.1200, more below 1.1960.
Offers are tipped at 1.1250/60 with stops above 1.1265/70.
On the eco. data front, we have a slew of data from euro area countries plus a number of ECB officials speaking during the day (see EI section for details). The euro area will release a slew of eco. data during European morning (see refer to our EI section for details).
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