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Fundamental Analysis
AceTraderFx: Intra-Day Market Moving News and Views
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[QUOTE="AceTRaderForex, post: 97244, member: 22847"] [B]AceTraderFx Feb 18: Intra-Day Market Moving News and Views (EUR/USD) [/B] [B]Intra-Day Market Moving News and Views 18 Feb 2016 [/B] [I]06:01GMT[/I] [B]EUR/USD[/B] - ..... Euro trades comfortably above yesterday's 1-week low of 1.1106 made in New York morning. Although the pair bounced briefly back to 1.1157 after release of mildly dovish FOMC minutes, sellers emerged and pressured price back down to 1.1118/18 just ahead of Asian open, however, euro quickly rebounded to 1.1146 and later moved sideways. Consolidation above 1.1106 is expected to continue in early European trading. Today is the start of the 2-day EU leader summit meeting. So looks like big moves are unlikely to be seen. Reasonably good bids are reported at 1.1120-00 area with stops below there. Offers are tipped at 1.1150/60 and more above with stops touted above 1.1200. [/QUOTE]
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