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AceTraderFx Jun 11: Intra-Day News and Views & data to be released today -EUR/USD
Intra-Day Market Moving News and Views
Update Time: 11 Jun 2019 03:30GMT
EUR/USD - 1.1314.. The single currency is trading roughly where it was in Asia 24 hours ago. Although price ratcheted lower in Asian morning on modest euro selling following news report on Sunday that sources said ECB were open to cutting interest rates if economic growth slows, price fell from 1.1331 (New Zealand) to session lows 1.1291 in holiday-thinned European morning before rebounding to 1.1324 in New York afternoon.
Although yesterday's weakness to 1.1291 suggests recent upmove has made a temp. top at Friday's 10-week peak at 1.1347, subsequent bounce to 1.1324 suggests consolidation with upside bias remains before prospect of further gain to 1.1385, reckon 1.1400 should hold and yield stronger correction later today or tom.
Bids are noted at 1.1300/90 with stop below there, more stops are touted below 1.1250.
Offers are tipped at 1.1340/50 with stops above there.
Economic calendar is very light in the euro area countries, the only data due out is EU's Sentix investor sentiment for June.
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: 11 Jun 2019 03:30GMT
EUR/USD - 1.1314.. The single currency is trading roughly where it was in Asia 24 hours ago. Although price ratcheted lower in Asian morning on modest euro selling following news report on Sunday that sources said ECB were open to cutting interest rates if economic growth slows, price fell from 1.1331 (New Zealand) to session lows 1.1291 in holiday-thinned European morning before rebounding to 1.1324 in New York afternoon.
Although yesterday's weakness to 1.1291 suggests recent upmove has made a temp. top at Friday's 10-week peak at 1.1347, subsequent bounce to 1.1324 suggests consolidation with upside bias remains before prospect of further gain to 1.1385, reckon 1.1400 should hold and yield stronger correction later today or tom.
Bids are noted at 1.1300/90 with stop below there, more stops are touted below 1.1250.
Offers are tipped at 1.1340/50 with stops above there.
Economic calendar is very light in the euro area countries, the only data due out is EU's Sentix investor sentiment for June.
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