AceTraderFx Dec 14: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major
Update Time: 14 Dec 2018 04:30 GMT
EUR/USD - 1.1360
Despite euro's initial gain to 1.1293 (Europe) yesterday following early decline from Mons 1.1443 high to 1.1306 (Tuesday), subsequent brief but sharp retreat to 1.1331 after mildly dovish forward guidance by ECB's Draghi suggests choppy trading with downside bias remains, below 1.1305/06 sup needed to extend said fall towards next chart obj. at 1.1267.
On the upside, only above 1.1393/00 res would revive bullish prospect of another rise to 1.1430/40.
Today is PMI day in the euro area n EZ will release a slew of eco. data, please refer to our EI section for details.
Pay attention to EU officials' comments as today is the second day of the 2-day EU summit on EU budget n Brexit. ECB's Draghi will participate in the EC meeting in Brussels and ECB's Angeloni will speak at a financial conference in Rome at 13:30GMT.
Update Time: 14 Dec 2018 04:30 GMT
EUR/USD - 1.1360
Despite euro's initial gain to 1.1293 (Europe) yesterday following early decline from Mons 1.1443 high to 1.1306 (Tuesday), subsequent brief but sharp retreat to 1.1331 after mildly dovish forward guidance by ECB's Draghi suggests choppy trading with downside bias remains, below 1.1305/06 sup needed to extend said fall towards next chart obj. at 1.1267.
On the upside, only above 1.1393/00 res would revive bullish prospect of another rise to 1.1430/40.
Today is PMI day in the euro area n EZ will release a slew of eco. data, please refer to our EI section for details.
Pay attention to EU officials' comments as today is the second day of the 2-day EU summit on EU budget n Brexit. ECB's Draghi will participate in the EC meeting in Brussels and ECB's Angeloni will speak at a financial conference in Rome at 13:30GMT.