AceTraderFx Jun 30: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major
Update Time: 30 Jun 2017 01:16 GMT
EUR/USD - 1.1437
Despite yesterday's expected resumption of recent upmove to a 14-month peak at 1.1445 on broad-based usd's weakness in New York due to fall in U.S. equities and marginal gain is envisaged after consolidation, loss of upward momentum should cap price below psychological 1.1500 level and risk has increased for a long-overdue minor correction to take place.
A firm break of 1.1289 (New York low) anytime would be the 1st signal temporary top is in place, risk stronger retracement to 1.1325/30.
Data to be released on Friday:
New Zealand building permits, Japan Tokyo CPI, National CPI, unemployment rate, household spending, industrial production.
Germany retail sales, France consumer spending, CPI, UK consumer confidence, GDP, current account, EU CPI, core CPI.
Canada GDP, PPI, U.S. PCE, personal spending, Chicago PMI and consumer sentiment.