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AceTraderFx Apr 23: Intra-Day News and Views & data to be released today -EUR/USD
Intra-Day Market Moving News and Views
Update Time: 23 Apr 2020 04:30GMT
EUR/USD - 1.0810.. The single currency remains on the back foot in relatively subdued Asian trading on Thursday after tumbling yesterday from 1.0885 (Europe) to a 2-week trough of 1.0804 as the greenback caught a bid in New York session due to renewed safe-haven buying.
As yesterday's break of last week's low at 1.0813 (Friday) signals recent decline from 1.0991 (April high) has finally resumed, downside bias remains for weakness towards projected target at 1.0786 (see our technical page for details), however, reckon previous April's bottom at 1.0769 would remain intact today.
Offers are tipped at 1.0820/25 with some stops touted above 1.0845 while bids are noted at 1.0805/00 with stops below there.
Today is PMI day in the euro area countries n one can expect pretty downbeat readings in the wake of the COVID-19 pandemic. Pls refer to our economic indicator page for details of reco. releases.
The European Council will meeting in Brussels today to
discuss post-coronavirus economic plan but according to earlier mdeia reports, EU diplomats and officials are expected to defer a final decision on how to finance the bloc's economic recovery, so this may add further pressure on the euro.
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
Update Time: 23 Apr 2020 04:30GMT
EUR/USD - 1.0810.. The single currency remains on the back foot in relatively subdued Asian trading on Thursday after tumbling yesterday from 1.0885 (Europe) to a 2-week trough of 1.0804 as the greenback caught a bid in New York session due to renewed safe-haven buying.
As yesterday's break of last week's low at 1.0813 (Friday) signals recent decline from 1.0991 (April high) has finally resumed, downside bias remains for weakness towards projected target at 1.0786 (see our technical page for details), however, reckon previous April's bottom at 1.0769 would remain intact today.
Offers are tipped at 1.0820/25 with some stops touted above 1.0845 while bids are noted at 1.0805/00 with stops below there.
Today is PMI day in the euro area countries n one can expect pretty downbeat readings in the wake of the COVID-19 pandemic. Pls refer to our economic indicator page for details of reco. releases.
The European Council will meeting in Brussels today to
discuss post-coronavirus economic plan but according to earlier mdeia reports, EU diplomats and officials are expected to defer a final decision on how to finance the bloc's economic recovery, so this may add further pressure on the euro.
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