AceTraderFx Feb 07: Intra-Day Market Moving News and Views -EUR/USD Intra-Day Market Moving News and Views 07 Feb 2018 03:30GMT EUR/USD - 1.2387.. Euro has traded narrowly in calm Asian morning after yesterday's 'roller-coaster' ride. Price rallied fm 1.2351 (Asia) to intra-day high of 1.2434 in Europe on news of a German coalition deal is near. However, selloff in global stocks led to usd buying and knocked price to a 10-day trough of 1.2314 in New York morning, while intra-day rally in U.S. equities prompted broad-based usd selling and sent the euro sharply higher back to 1.2405. As yesterday's rally from 1.2314 to 1.2405 suggests recent correction from January's 3-year peak at 1.2538 has made a low, consolidation with upside bias is expected and price is likely to head towards 1.2434 in European trading, so buying the single ccy on dips is favoured. Bids are noted at 1.2370-50 area with stops below 1.2335. Offers are tipped at 1.2395/05 and more above with stops above 1.2435. Euro area countries will release a slew of eco. data starting with Germany's industrial output, France's trade data and then Italy's retail sales. ECB's Nouy and Lautenschalager will be speaking at 09:00GMT.