AceTraderFx Apr 10: Intra-Day Market Moving News and Views -EUR/USD
Intra-Day Market Moving News and Views
10 Apr 2018 03:10GMT
EUR/USD - 1.2316.. The single currency pares yesterday's rally as intra-day rally in usd/yen led to temp. usd's rebound vs the G4 currencies, suggesting sideways swings below Mon's high at 1.2330 would continue until European open.
Having said that, as yesterday's rally above Friday's 1.2291 top to 1.2330 in New York morning due to broad-based usd's weakness signals recent decline has made a low at Friday's 1-month trough at 1.2215, consolidation with upside bias remains for further headway to next chart obj. at 1.2344.
Therefore, trading from long side is the way to go. Bids are noted at 1.2300/10 with some stop below 1.2290.
Offers are tipped at 1.2320/30 with stops touted above 1.2350.
On the eco. data front, France will release industrial output n then follow by the same from Italy.
Also, ECB's supervisory head Nouy will speak at a conference at 07:30GMT.
Intra-Day Market Moving News and Views
10 Apr 2018 03:10GMT
EUR/USD - 1.2316.. The single currency pares yesterday's rally as intra-day rally in usd/yen led to temp. usd's rebound vs the G4 currencies, suggesting sideways swings below Mon's high at 1.2330 would continue until European open.
Having said that, as yesterday's rally above Friday's 1.2291 top to 1.2330 in New York morning due to broad-based usd's weakness signals recent decline has made a low at Friday's 1-month trough at 1.2215, consolidation with upside bias remains for further headway to next chart obj. at 1.2344.
Therefore, trading from long side is the way to go. Bids are noted at 1.2300/10 with some stop below 1.2290.
Offers are tipped at 1.2320/30 with stops touted above 1.2350.
On the eco. data front, France will release industrial output n then follow by the same from Italy.
Also, ECB's supervisory head Nouy will speak at a conference at 07:30GMT.