AceTraderFx Jan 19 : Intra-Day News and Views & data to be released today –EUR/USD
Intra-Day Market Moving News and View
Update Time : 19 Jan 2021 05:30GMT
EUR/USD - 1.2093… Despite continuing its recent losing streak yesterday n hitting a 6-week trough of 1.2055 in European morning, euro caught a bid in active Asian trading today due to broad-based usd’s weakness on return of risk appetite n climbed back to 1.2097.
Although intra-day rebound suggests temporary low has been made n sideways swings are in store in European morning, as long as 1.2112 (Thursday’s low, now res) holds, prospect of one more fall is still envisaged, loss of near term downward momentum should keep price well above 1.2011 (prev. 2020 peak in September, now sup) today.
Offers are tipped at 1.2100/10 with stops above 1.2120/30, on the downside, bias are noted at 1.2070/75 n more below with stops below 1.2050.
The euro area countries will release a slew of eco. data in European morning, please refer to our EI page for details. Also there is a Euro Finance Minsters’ meeting m ECB VP de Guindos will participate in this meeting.