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Forex Discussions
Fundamental Analysis
AceTraderFx: Intra-Day Market Moving News and Views
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[QUOTE="AceTRaderForex, post: 189548, member: 22847"] [B]AceTraderFx[COLOR="darkred"] [B]Dec 30[/B]:[B] [/B][/COLOR]Intra-Day News and Views & data to be released today – EUR/USD Intra-Day Market Moving News and View[/B] Update Time[B]: 30 Dec 2020 [/B][I]05:30GMT[/I] EUR/USD - 1.2287.. Euro catches a bid in thin year-end Asian trading on Wed. Despite y'day's retreat fm a fresh 2-1/2 year peak of 1.2275 to 1.2237 in NY, a bout of buying emerged shortly after Asian open n price easily penetrated 1.2275 after hitting stops abv there n hit a 33-month high of 1.2294 b4 stabilising. Expect minor range trading ahead of European open b4 MT uptrend fm 2020 near 3-year bottom at 1.0637 (Mar) heads to projected targets at 1.2305, then 1.2337. Therefore, trading the single currency fm long side is the way to go. Order board is very thin with some bids noted at 1.2275/65 with stops reported below 1.2235. Some offer are tipped at 1.2290/00 (profit taking) n stops touted abv 1.2300. Pls note many European centres will be closed for bank holiday tom n these include Germany Switzerland and Italy. No eco. data is due out from the euro area countries today so order flows will have an important influence on intra-day price movements. [/QUOTE]
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