acetraderfx
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DAILY MARKET OUTLOOK on Major -EUR/USD
Update Time: 22 Apr 2014 00:52 GMT
EUR/USD - 1.3791
Yesterday's anticipated breach of last week's low at 1.3790 to 1.3787 in holiday-thinned New York session confirms recent decline from April's high at 1.3906 has resumed and expect initial consolidation before aforesaid fall pressures euro to 1.3761 (being 61.8% r of the early rise from 1.3672-1.3906), however, loss of downward momentum is likely to keep price above 1.3748 (previous res, now sup).
On the upside, only a firm rise back above Monday's high at 1.3831 would signal temporary low is in place, however, reckon res at 1.3865 would remain intact.
Update Time: 22 Apr 2014 00:52 GMT
EUR/USD - 1.3791
Yesterday's anticipated breach of last week's low at 1.3790 to 1.3787 in holiday-thinned New York session confirms recent decline from April's high at 1.3906 has resumed and expect initial consolidation before aforesaid fall pressures euro to 1.3761 (being 61.8% r of the early rise from 1.3672-1.3906), however, loss of downward momentum is likely to keep price above 1.3748 (previous res, now sup).
On the upside, only a firm rise back above Monday's high at 1.3831 would signal temporary low is in place, however, reckon res at 1.3865 would remain intact.
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