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AceTraderFx Sept 30: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 30 Sep 201605:14 GMT
EUR/USD - 1.1210
Although yesterday's anticipated rebound from 1.1197 to 1.1250 in New York session suggests euro's correction from this week's 1.1279 high has ended earlier at 1.1182 (Wednesday), subsequent intra-day choppy sideways swings suggest consolidation is in store before prospect of another rise, above 1.3250 is needed to retain bullishness for subsequent gain towards 1.3279.
A break below indicated sup at 1.1182 would risk stronger retracement towards 1.1149/50 but September's 5-week trough at 1.1121 should remain intact.
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Update Time: 30 Sep 201605:14 GMT
EUR/USD - 1.1210
Although yesterday's anticipated rebound from 1.1197 to 1.1250 in New York session suggests euro's correction from this week's 1.1279 high has ended earlier at 1.1182 (Wednesday), subsequent intra-day choppy sideways swings suggest consolidation is in store before prospect of another rise, above 1.3250 is needed to retain bullishness for subsequent gain towards 1.3279.
A break below indicated sup at 1.1182 would risk stronger retracement towards 1.1149/50 but September's 5-week trough at 1.1121 should 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