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AceTraderFx Dec 04: Intra-Day News and Views & data to be released today – EUR/USD
Intra-Day Market Moving News and View
Update Time: 04 Dec 2020 05:30GMT
EUR/USD - 1.2140.. The single currency is in near term holding pattern after climbing to a fresh 2-1/2 year peak of 1.2175 on continued usd's weakness, however, intra-day sharp retreat in cable triggered profit taking n dragged price lower to 1.2133 in New York afternoon.
Range trading is expected to continue until European open n as long as yesterday's 1.2102 (Europe) holds, euro's recent uptrend will be en route to 1.2200/05, however, near term loss of momentum is expected to prevent strong gain n reckon 1.2230/40 should cap upside. Bids are noted at 1.2135/30 with some stops below there, more buying interest is touted above 1.2100 with stops below there. Some offers are tipped at 1.2160/70 with stops above 1.2175.
The euro area countries will release a slew of eco. data, please refer to our EI page 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 View
Update Time: 04 Dec 2020 05:30GMT
EUR/USD - 1.2140.. The single currency is in near term holding pattern after climbing to a fresh 2-1/2 year peak of 1.2175 on continued usd's weakness, however, intra-day sharp retreat in cable triggered profit taking n dragged price lower to 1.2133 in New York afternoon.
Range trading is expected to continue until European open n as long as yesterday's 1.2102 (Europe) holds, euro's recent uptrend will be en route to 1.2200/05, however, near term loss of momentum is expected to prevent strong gain n reckon 1.2230/40 should cap upside. Bids are noted at 1.2135/30 with some stops below there, more buying interest is touted above 1.2100 with stops below there. Some offers are tipped at 1.2160/70 with stops above 1.2175.
The euro area countries will release a slew of eco. data, please refer to our EI page 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