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

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

DAILY MARKET OUTLOOK
Update Time: 29 Oct 2015 02:00 GMT

EUR/USD - 1.0915
The single currency's selloff last week on dovish comments from ECB President Mario Draghi to 1.0997 on Friday, then yesterday's sharp fall to 1.0896 on a hawkish FOMC statement 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 1.0847/50.
However, over sold condition would keep price above support at 1.0808/10 and yield a much-needed recovery later this week.

On the upside, only above 1.1025/30 would be the 1st signal that a temporary low has been made and yield stronger retracement towards 1.1080/90.

 

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AceTraderFx Nov 9: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK
Update Time: 09 Nov 2015 01:14 GMT

EUR/USD - 1.0737
The single currency's selloff to as low as 1.0707 on dollar's broad-based strength on Friday after the release of an upbeat U.S. jobs report signals erratic decline from 1.0715 remains in progress and consolidation with downside bias remains for weakness towards 1.0660/70.
However, over sold condition would keep price well above 1.0620/30 and yield a much-needed correction later this week.

On the upside, only above 1.0834 would be the first signal that a temporary low has been made and turn outlook bullish for a stronger retracement towards 1.0898/00.

 

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AceTraderFx Nov 11: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK
Update Time: 11 Nov 2015 01:17 GMT

EUR/USD - 1.0739
The single currency's selloff to as low as 1.0704 (Reuters) on dollar's broad-based strength on Friday after the release of very upbeat U.S. jobs report, then lower 1.0674 yesterday signals erratic decline from 1.0715 remains in progress and consolidation with downside bias remains for weakness towards 1.0660/70.
However, over sold condition would keep price well above 1.0620/30 and yield a much-needed correction later this week.

On the upside, only above 1.0834 would be the first signal that a temporary low has been made and turn outlook bullish for a stronger retracement towards 1.0898/00.

 

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AceTraderFx Nov 17: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK
Update Time: 17 Nov 2015 01:35 GMT

EUR/USD - 1.0682
Despite last week's rebound from Tuesday's low at 1.0674 to 1.0831 on Thursday, subsequent retreat and Monday's intra-day gap-down open on broad-based risk aversion strongly suggests the correction has ended and consolidation with downside bias remains for erratic decline from 1.1715 to resume and yield re-test of aforesaid low, break would extend towards 1.0650/60 before prospect of a recovery due to loss of momentum.

On the upside, only above 1.0831 would abort daily bearish scenario and risk would shift to the upside for a stronger retracement to 1.0894/98.

 

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

DAILY MARKET OUTLOOK
Update Time: 30 Nov 2015 01:08 GMT

EUR/USD - 1.0577
Despite euro's intra-day decline from 1.0638 to 1.0569 on Friday, subsequent short-covering rebound in New York afternoon suggests further choppy trading above last Wed's fresh 7-month trough at 1.0569 would continue before recent downtrend resumes, break of said last week's low would extend weakness to 1.0540/50, loss of momentum should keep price above daily sup at 1.0521 today.
On the upside, only above 1.0638/42 res would prolong near term sideways swings and risk stronger retracement to 1.0689 before prospect of another decline.

 

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AceTraderFx Dec 3: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK
Update Time: 03 Dec 2015 02:32 GMT

EUR/USD - 1.0597
Despite euro's intra-day selloff in New York session on upbeat U.S. data and then marginal break of Monday's 1.0558 low to a fresh 7-1/2 month trough of 1.0550 following hawkish comments by Fed Chair Janet Yellen.
Subsequent swift rebound on short covering to 1.0627 suggests a temporary bottom has possibly been made and choppy consolidation is expected ahead of ECB monetary policy meeting.

Above res at 1.0637/42 would bring stronger retracement of recent downtrend to 1.0689 whilst below 1.0550 yields weakness towards next daily chart sup at 1.0521 before prospect of a much-needed correction

 

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AceTraderFx Dec 4: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK
Update Time: 04 Dec 2015 01:49 GMT

EUR/USD - 1.0909
Euro's spectacular 3.45% rally from yesterday's fresh 7-1/2 month bottom of 1.0523 to as high as 1.0981 near New York close confirms recent downtrend has indeed formed a low there and 'choppy' trading is seen ahead of release of key U.S. jobs report later today.
As long as 1.0848/53 holds, outlook remains supportive for further gain towards next daily chart objective at 1.1073.

A daily close below said sup area would suggest 1st leg of correction is over, then risk of a stronger retracement towards 1.0752 50% r) can't be ruled out before prospect of another rise next week.

 

[acetraderfx]

AceTraderFx Feb 1: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK
Update Time: 01 Feb 2016 05:33 GMT

EUR/USD - 1.0845
The single currency's selloff from last Thursday's high at 1.0968 to 1.0810 on Friday suggests further choppy trading inside recently established range of 1.0985-1.0776 would continue with downside bias and marginal weakness from here is likely.
However, indicated lower level should remain intact and bring another rebound later today.
On the upside, only above 1.0926 would revive bullishness for gain towards 1.0968, then 1.0985, break would extend recent upmove towards 1.1010/20.

 

[acetraderfx]

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

DAILY MARKET OUTLOOK
Update Time: 15 Feb 2016 06:24 GMT

EUR/USD - 1.1222
Euro's selloff last Fri due to strong rebound in U.S. stocks and then weakness to 1.124 confirms recent uptrend has made a temporary top at 1.1377 (Thur) and consolidation with downside bias remains for a long-overdue retracement to 1.1188, near term, oversold condition is likely to keep price above sup at 1.1161 and bring rebound.

Expect 1.1265/75 to hold for this move and only a firm break above there signals 1st leg of correction is over, risks stronger recovery to 1.1315/25 before down.

 

[acetraderfx]

AceTraderFx Feb 19: Intra-Day Market Moving News and Views (EUR/USD)

Intra-Day Market Moving News and Views
19 Feb 2016 04:36GMT

EUR/USD - ...... Euro pares overnight losses n staged a modest short-covering bounce to 1.1129 after hitting a 2-week trough of 1.1071 in New York morning. Although euro briefly climbed above New York high of 1.1123 after tripping some stops above there, lack of follow-though buying suggests range trading is in store ahead of European open.

Some bids are noted at 1.1100-1.1090 n more below with fairly large stops touted below 1.1060.
Some offers are tipped at 1.1130/40 n more near 1.1150 with stops reported above 1.1180, however, more stops are touted above 1.1200.

The only data due out today in Europe is German Jan PPI, street forecast is looking for a M/M reading of -0.3 vs previous month's figure at -0.5% n Y/Y is expected to come in at -2.0% vs previous reading of -2.3%.

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