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Daily Market Outlook
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| Daily
Market Outlook (18 Sep 2019) |
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| Update
Time: |
18 Sep 2019 00:49GMT |
| Next Update
At: |
00:30GMT |
EUR/USD - 1.1071
Despite euro's decline from 1.1109 (Fri) to 1.0991 yesterday, subsequent rebound to 1.1074 in New York session due to broad-based liquidation of long usd positions ahead of FOMC's decision later today suggests price would 'gyrate' inside 1.0928-1.1109.
Only above 1.1109 would extend erratic rise from Sep's 27-month bottom at 1.0927 towards next daily chart objective at 1.1164 whilst below 1.0991 would pressure price back down to good sup at 1.0927/28.
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