AceTraderFx Aug 13: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major
Update Time: 13 Aug 2019 05:30 GMT
EUR/USD - 1.1206
Euro’s rebound from 1.1163 in Europe to 1.1230 (New York) yesterday suggests early pullback from last Wednesday’s 2-week high at 1.1249 has possibly ended and consolidation with upside bias remains, above 1.1249 would extend recent upmove from August’s 26-month trough at 1.1028 towards 1.1285 which may hold on first testing.
On the downside, only below 1.1163 would risk stronger retracement towards 1.1132/35.
Data to be released on Tuesday:
Japan corp goods price, tertiary industry index, machine tools orders, Australia NAB business condition.
Germany wholesale price index, CPI, HICP final, ZEW economic sentiment, UK claimant count, ILO unemployment rate, employment change, average weekly earnings, EU ZEW economic sentiment.
U.S. core CPI, CPI, redbook weekly earnings, redbook retail sales.