AceTraderFx: Daily Market Outllook on Major -EUR/USD

[acetraderfx]

AceTraderFx Dec 12: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major
Update Time: 12 Jan 2017 05:09 GMT

EUR/USD - 1.0599
Despite yesterday's intra-day decline in Europe and New York morning session due to broad-based usd's strength ahead of U.S. President-elect Trump's news conference, subsequent rally from 1.0454 to as high as 1.0622 on active long usd liquidation signals pullback from 1.0627 (Tuesday) has ended and above said overhead res would extend upmove from last Tuesday's near 14-year bottom at 1.0341 towards key daily res at 1.0655, break there needed to retain bullish prospect of subsequent headway towards 1.0700/10.

On the downside, only below 1.0511 would abort present bullishness on the euro.

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]

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

DAILY MARKET OUTLOOK on Major
Update Time: 13 Jan 2017 05:00 GMT

EUR/USD - 1.0614
Despite yesterday's anticipated resumption of recent upmove from Jan's near 14-year trough at 1.0341 to 1.0685, subsequent retreat in NY session on broad-based usd dlr recovery suggests a temporary top has been made and consolidation with initial downside bias is in store.

As long as sup at 1.0564 holds, prospect of another rise towards 1.0700/10 remains, below said sup would risk stronger retracement of aforesaid rise towards 1.0511 next week.

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]

AceTraderFx Dec 16: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major
Update Time: 16 Jan 2017 02:12 GMT

EUR/USD - 1.0612
Euro's intra-day decline from 1.0673 to 1.0596 in New York on Friday, then initial sterling-led weakness to 1.0595 at New Zealand open today suggests choppy trading below last Thursday's 1-month peak at 1.0685 would continue.
A firm break of 1.0595/96 sup would bring stronger retracement of recent upmove to 1.0550/55 but previous sup at 1.0511 should contain weakness.

On the upside, above 1.0673 would extend recent rise from 1.0341 (January's low) towards 1.0700/10 before prospect of a correction due to loss of upward momentum.

Data to be releasedtoday:
Japan CGPI, machinery orders, UK house prices, Italy CPI, HICP, EU CPI, core CPI, trade balance and U.S. market holiday on Monday.

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]

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

DAILY MARKET OUTLOOK on Major
Update Time: 17 Jan 2017 05:00 GMT

EUR/USD - 1.0610
Although yesterday's anticipated weakness to 1.0580 (Europe) suggests euro's recent upmove from January's near 14-year trough at 1.0341 has made a temporary top last week at 1.0685 (Thursday), intra-day rebound at Asian open today signals 1st leg of correction is over and consolidation is in store before prospect of stronger retracement to 1.0550/55.

Only above 1.0650/55 indicates said pullback is over, then risk is seen for a re-test of 1.0685.
However, loss of upward momentum would limit gain to 1.0700/10.

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]

AceTraderFx Dec 18: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major
Update Time: 18 Jan 2017 02:17 GMT

EUR/USD - 1.0704
Euro's rally which began in Asia yesterday's due to broad-based usd weakness and then intra-day rally above last week's 1.0685 high to 1.0719 confirms upmove from Jan's near 14-year bottom at 1.0341 has once again resumed and would head to 1.0740/50 after consolidation, loss of near term upward momentum is likely to prevent strong gain and risk has increased for a much-needed pullback to occur later today or tomorrow.

Expect 1.0635 (Monday's high, now sup) to hold for further gain and only below there signals temporary top is made, risks stronger retracement to 1.0580/90.

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]

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

DAILY MARKET OUTLOOK on Major
Update Time: 19 Jan 2017 02:18 GMT

EUR/USD - 1.0628
Euro's intra-day decline from 1.0703 to as low as 1.0628 after traders interpreted Fed Chair Yellen's speech as hawkish suggests recent erratic upmove fro Jan's near 14-year bottom at 1.0341 has made a temporary top at 1.0719 Tue and consolidation with downside bias remains for weakness to 1.0580.
However, bear term oversold condition should keep price above 1.0530 ahead of ECB President Draghi's press conference.

Expect 1.0685 to hold for this move and only above 1.0703 aborts near term bearish view, risks re-test of 1.0719, then projected upside target at 1.0740.

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]

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

DAILY MARKET OUTLOOK on Major
Update Time: 23 Jan 2017 02:10 GMT

EUR/USD - 1.0727
Euro's rally in post-Trump inauguration New York session and then intra-day break of last week's (Tuesday) 1.0719 high confirms recent upmove from Jan's near 14-year bottom at 1.0341 has once again resumed and gain to 1.0740/50 is seen after consolidation, o/bot condition is likely to cap price below 1.0820 today and risk has increased for a correction to take place later.

On the downside, only below 1.0693 (New Zealand low) signals temporary top has been made and may risk stronger retracement to 1.0625/35.

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]

AceTraderFx Jan 24: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major
Update Time: 24 Jan 2017 06:00 GMT

EUR/USD - 1.0755
Yesterday's resumption of upmove from January's near 14-year bottom at 1.0341 and then intra-day initial gain to a 6-week high at 1.0774 (Australia) suggests euro would head twowards 1.0800 after consolidation.
However, near term loss of upward momentum should prevent strong gain today and reckon res at 1.0875 would remain intact.

On the downside, only a daily close below Mon's New York low at 1.0707 confirms temporary top has been made and risk stronger recent to 1.0650/60 but sup at 1.0625 would contain weakness.

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]

AceTraderFx Jan 25: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major
Update Time: 24 Jan 2017 02:16GMT

EUR/USD - 1.0734.. The euro finally pared recent strong gain and is currently trading just a tad above yesterday's low at 1.0721 as intra-day broad-based usd strength (or some may call it short covering rebound) knocked the single currency from a 6-week high of 1.0775 to 1.0721 in New York session.

Looks like the 1.0775 high print will remain for a day or do and consolidation is the order of the day. Having said that, current weakness in dlr/yen is likely to prevent the greenback rising vs its other G3 currencies, so one can trade on both sideways of the market.

Offers are noted at 1.0745/55 and more above with stops reported above 1.0775, however, more selling is touted at 1.0800. a mixture of bids and stops is reported at 1.0725/20, more stops are touted below 1.0700.

Euro area countries will release a slew of eco. data strating with France's business climate, then the important Germany's Ifo business climate, Italy's industrial orders and trade balance.

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]

AceTraderFx Jan 26: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major
Update Time: 26 Jan 2017 05:12 GMT

EUR/USD - 1.0759
Although yesterday's brief drop to 1.0712 in Europe and then subsequent strong bounce to 1.0770 in New York morning suggests euro's pullback from Tuesday's 6-week high at 1.0775 has ended, subsequent intra-day price swings should bring further choppy trading before recent rise from January's near 14-year bottom at 1.0341 resumes, 'loss of upward momentum' should cap price at 1.0820.

Only a daily close below 1.0712 signals temporary top is in place and risk stronger correction to 1.0652 but reckon 1.0625 sup would contain weakness and bring rebound.

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