EUR/USD: Daily recommendations on major – FXStreet

This post was originally published on this site

Although euro’s selloff from last Monday’s 3-week top at 1.0197 to 0.9945 on Friday suggests correction from September’s fresh 20-year bottom at 0.9865 has ended, subsequent rebound to 1.0036 in New York may head back to 1.0055/65 before down, below 0.9990/94 would head to 0.9945/55 but break needed for 0.9905/15.

On the upside, only a daily close above 1.0101/05 would risk stronger gain towards 1.0141 but 1.0197 should hold.

Data to be released later

New Zealand business NZ PSI.
U.K. market holiday, Japan market holiday, EU construction output.
Canada producer prices and U.S. NAHB housing market index on Monday.

This post was originally published on *this site*