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

[acetraderfx]

AceTraderFx Aug 7: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK
Update Time: 07 Aug 2015 01:12 GMT

EUR/USD - 1.0927
Despite euro's retreat from 1.0944 to 1.0873 in Europe on Thursday, subsequent intra-day rebound after holding above Wednesday's low at 1.0848 (Asia) suggests further choppy trading would continue ahead of the release of today's key U.S. jobs report.
However, as early breach of last week's bottom at 1.0894 indicates correction from July's 12-week trough at 1.0808 has ended earlier at 1.1129, consolidation with downside bias remains but below 1.0808 needed to confirm MT decline from 1.1467 (May) has resumed and extend weakness to 1.0700 later in this month.

On the upside, only a move back above 1.0988/96 would shift risk to upside for stronger gain to 1.1060/70 but resistance area a 1.1114-29 should remain intact.

 

[acetraderfx]

AceTraderFx Aug 10: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK
Update Time: 10 Aug 2015 02:28 GMT

EUR/USD - 1.0961
Despite euro's brief sell-off to as low as 1.856 on Friday following the release of solid U.S. jobs report, subsequent rally to 1.0979 suggests further choppy trading above last week's low at 1.0847 would continue with mild upside bias and above resistance area at 1.0988/96 would yield stronger retracement of decline from 1.1129 towards 1.1022 (61.8% r).
However, resistance at 1.1080/84 should remain intact and yield retreat later.

On the downside, only below 1.0907 would indicate aforesaid recovery has ended and risk would shift to the downside for further weakness towards 1.0873.

 

[acetraderfx]

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

DAILY MARKET OUTLOOK
Update Time: 11 Aug 2015 01:00 GMT

EUR/USD - 1.1028
Despite euro's brief sell-off to as low as 1.856 on Friday following the release of solid U.S. jobs report, subsequent rally to 1.1042 yesterday suggests up-move from week's low at 1.0847 to retrace the decline from 1.1129 would head towards 1.1080/84 after initial consolidation.
However, near term loss of momentum would cap price below resistance at 1.1105/ 10 and yield retreat later.

On the downside, only below 1.0925 would indicate aforesaid recovery has ended and risk would shift to the downside for further weakness towards 1.0873.

 

[acetraderfx]

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

DAILY MARKET OUTLOOK
Update Time: 12 Aug 2015 01:12 GMT

EUR/USD - 1.1041
Despite euro's brief sell-off to as low as 1.856 on Friday following the release of solid U.S. jobs report, subsequent rally to 1.1088 yesterday suggests up-move from week's low at 1.0847 to retrace the decline from 1.1129 would head towards 1.1110/15 after initial consolidation.
However, near term loss of momentum would cap price below aforesaid high and yield retreat later.

On the downside, only below 1.0925 would indicate aforesaid recovery has ended and risk would shift to the downside for further weakness towards 1.0873.

 

[acetraderfx]

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

DAILY MARKET OUTLOOK
Update Time: 13 Aug 2015 01:01 GMT

EUR/USD - 1.1156
Despite euro's brief sell-off to as low as 1.856 on Friday following the release of solid U.S. jobs report, subsequent rally to 1.1214 yesterday suggests up-move July's trough at 1.0808 has once again resumed and consolidation with upside bias would be see for further gain towards 1.1279.
However, near term loss of momentum would prevent sharp gain beyond there and reckon resistance at 1.1292 would hold and yield retreat.

On the downside, only below 1.0925 would indicate aforesaid recovery has ended and risk would shift to the downside for further weakness towards 1.0873.

 

[acetraderfx]

AceTraderFx Aug 14: Daily Recommendations on Major -EUR/USD

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

EUR/USD - 1.1155
Despite euro's sharp sell-off from Wednesday's high at 1.1214 to 1.1080 yesterday, subsequent strong rebound suggests the pullback has possibly ended and consolidation with upside bias would be seen.
Above 1.1189 would add credence to this view and yield resumption of recent erratic uptrend from July's trough at 1.0808 for a re-test of said high, break would extend towards 1.1250/60 early next week.

On the downside, only below 1.1080 would confirm a temporary top has been made and risk would shift to the downside for a stronger retracement towards 1.1031.

 

[acetraderfx]

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


DAILY MARKET OUTLOOK
Update Time: 17 Aug 2015 01:18 GMT

EUR/USD - 1.1099
Despite euro's sharp sell-off from Wednesday's high at 1.1214 to 1.1080 on Thursday, subsequent strong rebound suggests the pullback has possibly ended and consolidation with upside bias would be seen, above 1.1189 would add credence to this view and yield resumption of recent erratic uptrend from July's trough at 1.0808 for a re-test of said high, break would extend towards 1.1250/60 later this week.
On the downside, only below 1.1080 would confirm a temporary top has been made and risk would shift to the downside for a stronger retracement towards 1.1031.

 

[acetraderfx]

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

DAILY MARKET OUTLOOK
Update Time: 18 Aug 2015 00:36 GMT

EUR/USD - 1.1075
Although yesterday's intra-day decline from 1.1125 to 1.1059 in NY session confirms euro's recent erratic rise from July's bottom at 1.0808 has made a top earlier last week at 1.1214 and as long as said Monday's high holds, downside bias remains for further weakness.
Near term loss of momentum would prevent steep fall today and minor chart support at 1.1010 is expected to remain intact, yield subsequent rebound.
On the upside, a daily close above 1.1125 would be the 1st signal pullback from 1.1214 has ended and yield stronger gain towards 1.1189.

 

[acetraderfx]

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

DAILY MARKET OUTLOOK
Update Time: 19 Aug 2015 01:10 GMT

EUR/USD - 1.1038
Although euro's decline from Monday's 1.1125 high to 1.1018 yesterday in NY session confirms euro's recent erratic rise from July's bottom at 1.0808 has made a top earlier last week at 1.1214 and as long as said Monday's high holds.
Downside bias remains for further weakness, near term loss of momentum would prevent steep fall today and minor chart support at 1.0960 is expected to remain intact, yield subsequent rebound.
On the upside, a daily close above 1.1125 would be the 1st signal pullback from 1.1214 has ended and yield stronger gain towards 1.1189.

 

[acetraderfx]

AceTraderFx Aug 20: Daily Recommendations on Major -EUR/USD


DAILY MARKET OUTLOOK
Update Time: 20 Aug 2015 01:08 GMT

EUR/USD - 1.1139
Despite euro's re-test of Tuesday's low at 1.1018 yesterday, subsequent rally to 1.1134 in New York afternoon on dollar's broad-based weakness following the release of dovish FOMC minutes suggests the pullback from last Wednesday's 1-month high at 1.1214 has ended there and consolidation with upside bias would be seen.
Above resistance at 1.1189 would confirm this view and yield resumption of recent uptrend for a re-test of aforesaid high.

On the downside, only below 1.1018 would confirm a temporary top has been made and risk would shift to the downside for a stronger retracement towards 1.0960.