AceTraderFx Sept 19: Daily Recommendations on Major - EUR/USD
DAILY MARKET OUTLOOK on Major
Update Time: 19 Sept 2018 05:30 GMT
EUR/USD - 1.1666
Despite Tuesday’s resumption of recent erratic upmove to a 2-week high of 1.1724 in New York, failure to re-test Aug’s peak at 1.1734 and subsequent decline to 1.1652 suggests temporary top is made and consolidation with initial downside bias is in store, as long as sup at 1.1618 holds, gain to 1.1734 is still envisaged, then 1.1750.
A daily close below 1.1718 would shift risk to the downside for subsequent weakness towards 1.1565/70.
Data to release on Wednesday :
New Zealand Westpac consumer survey, current account, Japan exports, imports, trade balance, BoJ interest rate decision.
EU current account, UK CPI, RPI, PPI input prices, PPI output prices, EU construction output.
U.S. MBA mortgage application, current account, building permits, housing starts.