AceTraderFx: Daily Market Outllook on Major -EUR/USD

AceTraderFx Aug 19: Intra-Day Market Moving News and Views USD/JPY

Intra-Day Market Moving News and Views
19 Aug 201601:09GMT

USD/JPY - ...... The greenback proved quite tricky to trade as despite initial rise from Asian low at 99.65 to 100.35, price briefly retreated to 99.74 in early Europe before rising to intra-day high at 100.50 in Europe.
However, dlr pared its gains n dropped to 99.85 in New York afternoon before rebounding again to 100.44 at Asian open today.

Since there is no major economic data due today, price is likely to trade in choppy fashion.

Bids are now seen at 99.80/90 and more below at 99.60/70 with stops building up below there whilst initial offers are noted at 100.90/00.

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AceTraderFx Aug 19: Daily Recommendations on Major -EUR/USD

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DAILY MARKET OUTLOOK on Major EUR/USD

Update Time: 19 Aug 2016 04:07 GMT

EUR/USD - 1.1343
The single currency's rally above Tuesday's peak at 1.1323 to a fresh 7-week peak at 1.1366 yesterday suggests recent erratic upmove from June's low at 1.0912 has once again resumed and consolidation with upside bias would be seen for gain towards 1.1348, then 1.1368.
However, loss of momentum would prevent steep rise beyond there and risk a much-needed correction later.

On the downside, only below 1.1203 (previous resistance, now support) would indicate a temporary top has been made and turn outlook bearish for a stronger retracement to 1.1154.

AceTrader - Best Intra-day Forex Trading Strategies
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AceTraderFx Aug 22: Daily Recommendations on Major -EUR/USD


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DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 22 Aug 2016
05:00 GMT


EUR/USD - 1.1292
Despite the single currency's rally to a fresh 8-week high at 1.1366 last Thursday, subsequent retreat suggests recent upmove has possibly made a temporary top there and choppy trading with downside bias would be seen.
However, as broad-outlook remains consolidative, reckon support at 1.1242 would hold and yield rebound later.

On the upside, only above 1.1366 would confirm uptrend from 1.0912 (June) has resumed and extend towards 1.1410/20 before prospect of correction.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates
 
AceTraderFx Aug 23: Daily Recommendations on Major -EUR/USD

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DAILY MARKET OUTLOOK on Major EUR/USD

Update Time: 23 Aug 2016 04:09 GMT

EUR/USD - 1.1326
Despite the single currency's rally to a fresh 8-week high at 1.1366 last Thursday, subsequent retreat suggests recent upmove has possibly made a temporary top there and choppy trading with downside bias would be seen.
However, as broad-outlook remains consolidative, reckon support at 1.1242 would hold and yield rebound later.

On the upside, only above 1.1366 would confirm uptrend from 1.0912 (June) has resumed and extend towards 1.1410/20 before prospect of correction.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates
 
AceTraderFx Aug 24: Daily Recommendations on Major -EUR/USD


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DAILY MARKET OUTLOOK on Major EUR/USD

Update Time: 24 Aug 2016 04:02 GMT

EUR/USD - 1.1301
Despite the single currency's rally to a fresh 8-week high at 1.1366 last Thursday, subsequent retreat suggests recent upmove has possibly made a temporary top there and choppy trading with downside bias would be seen.
However, as broad-outlook remains consolidative, reckon support at 1.1242 would hold and yield rebound later.

On the upside, only above 1.1366 would confirm uptrend from 1.0912 (June) has resumed and extend towards 1.1410/20 before prospect of correction.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates
 
AceTraderFx Aug 29: Daily Recommendations on Major -EUR/USD

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DAILY MARKET OUTLOOK on Major EUR/USD

Update Time: 29 Aug 2016 04:10 GMT

EUR/USD - 1.1194
The single currency's selloff on Friday post hawkish comments from Fed's Yellen to 1.1181, then marginally lower to 1.1174 today suggests decline from August's 8-week peak at 1.1366 has once again resumed and consolidation with downside bias would be seen for stronger retracement towards 1.1130.
However, loss of momentum would keep price above 1.1070 today and yield rebound later.
On the upside, only above 1.1245 would indicate aforesaid correction has ended and turn outlook bullish for gain to 1.1313 before prospect of another retreat.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates
 
AceTraderFx Aug 30: Daily Recommendations on Major -EUR/USD

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DAILY MARKET OUTLOOK on Major EUR/USD

Update Time: 30 Aug 2016 05:02 GMT

EUR/USD - 1.1185
The single currency's selloff on Friday post hawkish comments from Fed's Yellen to 1.1181, then marginally lower to 1.1158 yesterday suggests decline from August's 8-week peak at 1.1366 has once again resumed and consolidation with downside bias would be seen for stronger retracement towards 1.1130.
However, loss of momentum would keep price above 1.1070 today and yield rebound later.

On the upside, only above 1.1245 would indicate aforesaid correction has ended and turn outlook bullish for gain to 1.1313 before prospect of another retreat.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates
 
AceTraderFx Sept 1: Daily Recommendations on Major -EUR/USD

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DAILY MARKET OUTLOOK on Major EUR/USD

Update Time: 01 Sep 2016 04:08 GMT

EUR/USD - 1.1156
The single currency's selloff to 1.1132 on Tuesday on dollar's broad-based weakness, then lower to 1.1123 yesterday suggests decline from August's 8-week peak at 1.1366 has once again resumed and consolidation with downside bias would be seen for stronger retracement towards 1.1100/10.
However, loss of momentum would keep price above 1.1070 today and yield rebound later.

On the upside, only above 1.1245 would indicate aforesaid correction has ended and turn outlook bullish for gain to 1.1313 before prospect of another retreat.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates
 
AceTraderFx Sept 2: Daily Recommendations on Major -EUR/USD

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DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 02 Sep 2016 04:03 GMT


EUR/USD - 1.1199
Despite the single currency's selloff to 1.1132 on Tuesday on dollar's broad-based weakness, then lower to 1.1123 Wednesday, subsequent strong rebound yesterday suggests decline from August's 8-week peak at 1.111366 has made a temporary low there and choppy trading with upside bias would be seen for gain towards 1.1245 before prospect of retreat.

On the downside, only below 1.1166 (previous resistance) would indicate aforesaid recovery has ended and turn outlook bearish for a re-test of said support.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-tim
 
AceTraderFx Sept 6: Daily Recommendations on Major -EUR/USD

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DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 06 Sep 201604:10 GMT


EUR/USD - 1.1146
Yesterday's anticipated break of last Friday's 1.1150 low to 1.1140 in holiday-thinned North American session signals euro's correction from last week's low at 1.1123 has ended at 1.1252 and recent decline from August's 1.1366 peak would pressure price to 1.1100/05 after consolidation.
However, loss of downward momentum is likely to limit weakness to 1.1085.

On the upside, only above Mondays 1.1182 high would 'prolong' choppy consolidation and may risk stronger gain to 1.1205/08 but res at 1.1252 is expected to remain intact.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates
 
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