|
 |
| |
Daily Market Outlook
|
|
|
| |
| Daily
Market Outlook (24 Sep 2020) |
|
| Update
Time: |
24 Sep 2020 01:16GMT |
| Next Update
At: |
08:30GMT |
EUR/USD - 1.1676
The single currency's fall to a near 2-month bottom at 1.1652 on usd's continued strength yesterday suggests decline from September's 2-year peak at 1.2011 remains in progress and intra-day rebound on short-covering would yield consolidation before prospect of another fall later, below 1.1652 would extend to 1.1630/40, however, loss of momentum would keep price above 1.1601 and yield correction.
On the upside, only above 1.1718 would indicate a temporary bottom has been made and risk stronger retracement to 1.1767 before prospect of another retreat. |
|
|
|
|
| |
DISCLAIMER
Trendsetter does not warrant or guarantee the accuracy, timeliness
or completeness to its service or information contained therein. Trendsetter
does not give, whatsoever, warranties, expressed or implied, to the
results to be obtained by using its services or information it provided.
Users are trading on their own risk and Trendsetter shall not be responsible
under any circumstances for the consequences of such activities. Trendsetter
and its affiliates, in no event, be liable to users or any third parties
for any consequential damages, however arising, including but not
limited to damages caused by negligence whether such damages were
foreseen or unforeseen. |
|
|
Top 
