AceTraderFx Jul 17: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major
Update Time: 17 Jul 2018 5:30 GMT
EUR/USD - 1.1712
Euro's resumption of upmove from last Friday's low at 1.1613 to as high as 1.1725 yesterday suggests early pullback from July's 1.1791 peak has ended there and consolidation with upside bias remains for further headway towards 1.1758, near term loss of upward momentum should cap price below 1.1791.
On the downside, only below 1.1676 may risk stronger retracement to 1.1640/50 before prospect of another rise later this week.
Data to be released on Tuesday :
UK claimant count, ILO unemployment rate, employment change, average weekly earnings, DCLG house price
Canada manufacturing sales, and U.S. redbook, industrial production, capacity utilization, manufacturing output, NAHB housing market index
Update Time: 17 Jul 2018 5:30 GMT
EUR/USD - 1.1712
Euro's resumption of upmove from last Friday's low at 1.1613 to as high as 1.1725 yesterday suggests early pullback from July's 1.1791 peak has ended there and consolidation with upside bias remains for further headway towards 1.1758, near term loss of upward momentum should cap price below 1.1791.
On the downside, only below 1.1676 may risk stronger retracement to 1.1640/50 before prospect of another rise later this week.
Data to be released on Tuesday :
UK claimant count, ILO unemployment rate, employment change, average weekly earnings, DCLG house price
Canada manufacturing sales, and U.S. redbook, industrial production, capacity utilization, manufacturing output, NAHB housing market index