AceTraderFx Jun 29: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major
Update Time: 29 Jun 2018 4:11 GMT
EUR/USD - 1.1570
Although yesterday's rebound from 1.1528 (Europe) to 1.1600 in New York suggests further volatile trading above last Thursday's 11-month bottom at 1.1509 would continue, as long as 1.1629/35 (previous sup area, now res) holds, re-test of 1.1509 is still envisaged, below 1.1500 needed to extend to 1.1470/80.
Only above 1.1635 would risk another rise to 1.1672 but this week's high at 1.1720 should remain intact.
Data to be released on Friday:
U.K. GfK consumer confidence, GDP, current account, Germany retail sales, unemployment change, unemployment rate, France consumer spending, CPI (EU norm), producer prices, Swiss KOF indicator, EU HICP.
Canada GDP, producer prices, and U.S. personal income, personal spending, PCE price index, Chicago PMI, University of Michigan sentiment.