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

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AceTraderFx Aug 21: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK
Update Time: 21 Aug 2015 01:51 GMT

EUR/USD - 1.1247
Euro's rise above last Wednesday's 1-month high at 1.1214 to 1.1245 yesterday, then intra-day breach of this level on dollar's broad-based weakness on fading expectations of Federal Reserve rate hike in September suggests consolidation with upside bias remains and further gain towards 1.1279/80 would be seen.
Having said that over bought condition would prevent sharp move beyond there and reckon resistance at 1.1319 would remain intact today and yield a much-needed correction.

On the downside, only below 1.1183 would be the first sign that a temporary top has been made and yield stronger retracement towards 1.1149/50.

 

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


DAILY MARKET OUTLOOK
Update Time: 24 Aug 2015 01:09 GMT

EUR/USD - 1.1397
As euro continues to trade with a firm undertone after intra-day breach of Friday's 1-1/2 month peak at 1.1389 as fading expectations of a Federal Reserve rate hike in September triggered broad-based dollar weakness, suggesting consolidation with upside bias remains and further gain towards 1.1440/50 would be seen.
However, near term loss of momentum would prevent strong rise above there and reckon resistance at 1.1467/70 should remain intact and yield correction.
On the downside, only below 1.1307 would indicate a temporary top has been made and risk stronger retracement towards 1.1240/41.

 

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


DAILY MARKET OUTLOOK
Update Time: 25 Aug 2015 02:30 GMT

EUR/USD - 1.1528
Despite euro's rally to as high as a fresh 7-month peak at 1.1715 yesterday on dollar's broad-based sell-off due to the near 600 points fall in Dow Jones Index, subsequent strong retreat suggests a temporary top has been made and consolidation with downside bias would be seen for a stronger retracement towards 1.1499 (previous resistance, now support), then 1.1420 later this week.

However, near term loss of momentum would keep price above 1.1377 and yield a much-needed rebound.
On the upside, only above 1.1622 would indicate aforesaid pullback has ended and turn outlook bullish for a re-test of said top, break would extend gain towards 1.1750/54.

 

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

DAILY MARKET OUTLOOK
Update Time: 26 Aug 2015 01:25 GMT

EUR/USD - 1.1510
Despite euro's rally to as high as a fresh 7-month peak at 1.1715 on Monday on dollar's broad-based selloff due to the near 600 points fall in Dow Jones Index, subsequent strong retreat suggests a temporary top has been made and consolidation with downside bias would be seen for a stronger retracement towards 1.1348, then 1.1307 later this week.

However, near term loss of momentum would keep price above 1.1377 and yield a much-needed rebound.
On the upside, only above 1.1622 would indicate aforesaid pullback has ended and turn outlook bullish for a re-test of said top, break would extend gain towards 1.1750/54.

 

[acetraderfx]

AceTraderFx Aug 27: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK
Update Time: 27 Aug 2015 01:17 GMT

EUR/USD - 1.1325
Despite euro's rally to as high as a fresh 7-month peak at 1.1715 on Monday on dollar's broad-based selloff due to the near 600 points fall in Dow Jones Index, subsequent strong retreat suggests a temporary top has been made and consolidation with downside bias would be seen for a stronger retracement towards 1.1250/60, then 1.1214 later this week.
However, near term loss of momentum would keep price above 1.1377 and yield a much-needed rebound.

On the upside, only above 1.1562 would indicate aforesaid pullback has ended and turn outlook bullish for a re-test of said top, break would extend gain towards 1.1750/54.

 

[acetraderfx]

AceTraderFx Aug 28: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK
Update Time: 28 Aug 2015 01:10 GMT

EUR/USD - 1.1241
Despite euro's rally to as high as a fresh 7-month peak at 1.1715 on Monday on dollar's broad-based selloff due to the near 600 points fall in Dow Jones Index, subsequent strong retreat suggests a temporary top has been made and consolidation with downside bias would be seen for a stronger retracement towards 1.1250/60, then 1.1214 later this week.
However, near term loss of momentum would keep price above 1.1177 and yield a much-needed rebound.

On the upside, only above 1.1562 would indicate aforesaid pullback has ended and turn outlook bullish for a re-test of said top, break would extend gain towards 1.1750/54.

 

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AceTraderFx Sept 4: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK
Update Time: 04 Sep 2015 01:17 GMT

EUR/USD - 1.1129
Despite euro's rebound from last Friday's low at 1.1156 to 1.1332 on Tuesday, subsequent retreat ahead of ECB's rate decision today suggests further choppy trading below last Monday's 7-month peak at 1.1715 would continue with mild downside bias and weakness towards 1.1180 is envisaged, however, said support should hold on first testing and yield recovery later today or tomorrow.

On the upside, only above 1.1332 would confirm aforesaid correction has ended and turn outlook bullish for a stronger retracement towards 1.1396/00.e abovementioned pullback has ended and turn outlook bullish for a re-test of 121.74.

 

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

DAILY MARKET OUTLOOK
Update Time: 07 Sep 2015 01:29 GMT

EUR/USD - 1.1160
Despite the greenback's rally to 121.74 last Friday, intra-day sharp retreat suggests the 1st leg of correction from last Monday's low at 116.15 has possibly ended there and consolidation with downside bias would be seen for weakness towards 118.92.
However, steep fall below there is unlikely to be seen today and reckon aforesaid support should remain intact and yield a rebound later.
On the upside, only above resistance at 120.92 would indicate above mentioned pullback has ended and turn outlook bullish for a re-test of 121.74.

 

[acetraderfx]

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

DAILY MARKET OUTLOOK
Update Time: 07 Sep 2015 08:08 GMT

EUR/USD - 1.1158
Despite euro's selloff to 1.1090 in volatile trading session following the release of mixed U.S. jobs report, subsequent rebound suggests further choppy trading above last Thursday's low at 1.1087 would continue with mild upside bias and above Friday's high at 1.1191 would extend towards 1.1205/10.
However, resistance at 1.1244 should remain intact and bring another retreat later today or tomorrow.
On the downside, only below 1.1087 would revive bearishness for a resumption of recent decline and extend weakness towards 1.1050/52.

 

[acetraderfx]

AceTraderFx Sept 8: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK
Update Time: 08 Sep 2015 01:22 GMT

EUR/USD - 1.1167
Despite euro's selloff to 1.1090 in volatile trading session following the release of mixed U.S. jobs report, subsequent rebound suggests further choppy trading above last Thursday's low at 1.1087 would continue with mild upside bias and above Friday's high at 1.1191 would extend towards 1.1205/10, however, resistance at 1.1244 should remain intact and bring another retreat later today or tomorrow.
On the downside, only below 1.1087 would revive bearishness for a resumption of recent decline and extend weakness towards 1.1050/52.