AceTraderFx Oct 09 : Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major
Update Time: 09 Oct 2020 03:30GMT
EUR/USD - 1.1760
Despite euro’s resumption of upmove from September’s 8-week low at 1.1613 to 1.1807 on Tuesday, subsequent fall to 1.1726 Wednesday suggests temporary top made and yesterday’s rebound to 1.1781, then retreat o 1.1734 would bring choppy sideways swings.
Only above 1.1797 would bring re-test of 1.1807, break, 1.1827/30 later while below 1.1721/26, 1.1697/00.
On the data front, France will release industrial output at 06:45 GMT, followed by Italy industrial output at 08:00 GMT.