AceTraderFx March 13: Daily Recommendations on Major – EUR/USD

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AceTraderFx Sept 22: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK
Update Time: 22 Sep 2015 02:11 GMT

EUR/USD - 1.1204
Euro's near term reversal from a 3-week peak of 1.1460 (European high) to as low as 1.1267 in New York session on Friday, and then further lower to 1.1181 on Monday due to broad-based buying in the USD confirms euro's recent erratic upmove from September's 1.1087 low has formed a top there and consolidation with downside bias is in store in next few days.

Expect 1.1330/40 to cap intra-day recovery and yield further weakness towards 1.1172.
However, near term oversold condition should prevent steep fall today and reckon minor sup at 1.1131 would remain intact and bring subsequent rebound.

 

[acetraderfx]

AceTraderFx Sept 29: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK
Update Time: 29 Sep 2015 02:17 GMT

EUR/USD - 1.1254
Despite Friday's intra-day weakness to 1.1116 in European morning, subsequent erratic climb back to 1.1248 in New York afternoon on Monday suggests further 'choppy' trading above last Wed's 2-1/2 week trough at 1.1105 would continue and marginal gain twd 1.1260/70 can't be ruled out, reckon euro's upside would falter well below last week's peak at 1.1296 (Thursday) and yield another decline.

Look to sell euro on intra-day rise and below 1.1150/60 would encourage for weakness twd 1.1116 but break of 1.1105 needed to bring re-test of September's bottom at 1.107 later this week.

 

[acetraderfx]

AceTraderFx Sept 30: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK
Update Time: 30 Sep 2015 01:33 GMT

EUR/USD - 1.1252
Despite Friday's intra-day weakness to 1.1116 in European morning, subsequent erratic climb back to 1.1248 in New York afternoon on Monday suggests further 'choppy' trading above last Wednesday's 2-1/2 week trough at 1.1105 would continue and marginal gain twd 1.1260/70 can't be ruled out, reckon euro's upside would falter well below last week's peak at 1.1296 (Thur) and yield another decline.

Look to sell euro on intra-day rise and below 1.1150/60 would encourage for weakness twd 1.1116 but break of 1.1105 needed to bring re-test of Sep's bottom at 1.107 later this week.

 

[acetraderfx]

AceTraderFx Oct 5: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK
Update Time: 05 Oct 2015 01:18 GMT

EUR/USD - 1.1225
Although price has retreated after Friday's rally to 1.1319 and further choppy trading is likely to be seen, as aforesaid move signals the recent upmove from 1.1105 has resumed, upside bias is seen for gain towards 1.1319, break would yield stronger retracement of decline from 1.1459 towards 1.1330.
However, near term loss of momentum would keep price well below 1.1390 (previous support, now resistance) and yield retreat.

On the downside, only below 1.1150 would confirm a temporary top has been made and turn outlook bearish for further weakness to 1.1120/25.

 

[acetraderfx]

AceTraderFx Oct 8: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK
Update Time: 08 Oct 2015 01:11 GMT

EUR/USD - 1.1240
Although price has retreated after Friday's rally to 1.1319 and further choppy trading is likely to be seen, as aforesaid move signals the recent upmove from 1.1105 has resumed, upside bias is seen for gain towards 1.1319, break would yield stronger retracement of decline from 1.1459 towards 1.1330.
However, near term loss of momentum would keep price well below 1.1390 (previous support, now resistance) and yield retreat.
On the downside, only below 1.1150 would confirm a temporary top has been made and turn outlook bearish for further weakness to 1.1120/25.

 

[acetraderfx]

AceTraderFx Oct 13: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK
Update Time: 13 Oct 2015 01:28 GMT

EUR/USD - 1.1351
Although price has retreated after Friday's breach of last October's high at 1.1319 to 1.1387 on dovish FOMC minutes and further choppy trading is likely to be seen, as aforesaid move signals the recent upmove from 1.1105 has resumed, upside bias is seen for gain towards 1.1387, break would yield stronger retracement of decline from 1.1460 towards 1.1405/10.
However, near term loss of momentum would keep price well below 1.1336 (previous support, now resistance) and yield retreat.

On the downside, only below 1.1150 would confirm a temporary top has been made and turn outlook bearish for further weakness to 1.1120/25.

 

[acetraderfx]

AceTraderFx Oct 15: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK
Update Time: 15 Oct 2015 01:25 GMT

EUR/USD - 1.1467
Although price has retreated after yesterday's breach of Tuesday's high at 1.1411 to 1.1489 on dollar's broad-based weakness and further choppy trading is likely to be seen, as aforesaid move signals the recent erratic upmove from 1.1087 has resumed, upside bias is seen for gain towards 1.1489, break would yield stronger retracement of decline from 1.1715 towards 1.1530/31.

However, near term loss of momentum would keep price well 1.1566 and yield correction.
On the downside, only below 1.1344 would confirm a temporary top has been made and turn outlook bearish for further weakness to 1.1238/40.

 

[acetraderfx]

AceTraderFx Oct 22: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK
Update Time: 22 Oct 2015 01:12 GMT

EUR/USD - 1.1339
Despite Thursday's rise above Wednesday's high at 1.1489 to 1.1495, subsequent selloff to suggests the erratic upmove from September's trough at 1.1087 has formed a temporary top there and consolidation with downside bias would be seen for a stronger retracement towards 1.1319 (previous resistance, now support) , however, loss of near term momentum would keep price above 1.1296 and yield a much-needed correction early next week.
On the upside, only above 1.1460 would confirm aforesaid pullback has ended and turn outlook bullish for a re-test of 1.1495, break, 1.1510/20.

 

[acetraderfx]

AceTraderFx Oct 23: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK
Update Time: 23 Oct 2015 01:08 GMT

EUR/USD - 1.1105
The single currency's selloff yesterday to 1.1114 on dovish comments from ECB President Mario Draghi, then lower to 1.1071 ahead of Asian open today signals the erratic decline from August's high at 1.1715 has once again resumed and consolidation with downside bias would be seen for further weakness towards 1.1040/50.
However, over sold condition would keep price above daily support at 1.1018 and yield a much-needed recovery early next week.

On the upside, only above 1.1296 would be the 1st signal that a temporary low has been made and yield stronger retracement towards 1.1319/20.

 

[acetraderfx]

AceTraderFx Oct 28: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK
Update Time: 28 Oct 2015 02:35 GMT

EUR/USD - 1.1037
The single currency's selloff last week on dovish comments from ECB President Mario Draghi to 1.0997 on Friday, then lower to 1.0989 on Monday signals the erratic decline from August's high at 1.1715 has once again resumed and consolidation with downside bias would be seen for further weakness towards 1.0960/70.
However, over sold condition would keep price above support at 1.0938 and yield a much-needed recovery later this week.

On the upside, only above 1.1296 would be the 1st signal that a temporary low has been made and yield stronger retracement towards 1.1319/20.