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

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AceTraderFx Sept 9: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK
Update Time: 09 Sep 2015 01:43 GMT

EUR/USD - 1.1192
Despite euro's selloff to 1.1090 in volatile trading session following the release of mixed U.S. jobs report, subsequent rebound to 1.1229 yesterday suggests further choppy trading above last Thursday's low at 1.1087 would continue with mild upside bias and gain towards 1.1239/40 would be seen. However, resistance at 1.1294 should remain intact this week and bring another retreat later.
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 9: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK
Update Time: 10 Sep 2015 01:22 GMT

EUR/USD - 1.1231
Despite euro's selloff to 1.1090 following the release of mixed U.S. jobs report, subsequent rebound to 1.1229 on Tuesday, then to 1.1245 today at Asian open suggests further choppy trading above last Thursday's low at 1.1087 would continue with mild upside bias and gain towards 1.1270/80 would be seen.
However, resistance at 1.1294 should remain intact this week and bring another retreat later.
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 10: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK
Update Time: 11 Sep 2015 01:01 GMT

EUR/USD - 1.1279
Euro's rally to 1.1295 yesterday and intra-day breach of this level signals the rise from last Thursday's trough at 1.1087 to retrace the decline from August's peak at 1.1715 remains in progress and consolidation with upside bias would be seen for gain towards 1.1300/02, then marginally higher. However, loss of momentum would prevent strong rise above there and reckon resistance at 1.1332 would hold and yield a much-needed correction later.
On the downside, only below 1.1229 (previous resistance, now support) would indicate a temporary top has been made and yield stronger weakness towards 1.1172.

 

[acetraderfx]

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

DAILY MARKET OUTLOOK
Update Time: 11 Sep 2015 01:01 GMT

EUR/USD - 1.1279
Euro's rally to 1.1295 yesterday and intra-day breach of this level signals the rise from last Thursday's trough at 1.1087 to retrace the decline from August's peak at 1.1715 remains in progress and consolidation with upside bias would be seen for gain towards 1.1300/02, then marginally higher. However, loss of momentum would prevent strong rise above there and reckon resistance at 1.1332 would hold and yield a much-needed correction later.
On the downside, only below 1.1229 (previous resistance, now support) would indicate a temporary top has been made and yield stronger weakness towards 1.1172.

 

[acetraderfx]

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

DAILY MARKET OUTLOOK
Update Time: 14 Sep 2015 01:29 GMT

EUR/USD - 1.1341
Euro's rally to 1.1350 last Friday and intra-day breach of this level signals the rise from last Thursday's trough at 1.1087 to retrace the decline from August's peak at 1.1715 remains in progress and consolidation with upside bias would be seen for gain towards 1.1360/65, then marginally higher. However, loss of momentum would prevent strong rise above there and reckon resistance at 1.1401 would hold and yield a much-needed correction later.
On the downside, only below 1.1229 (previous resistance, now support) would indicate a temporary top has been made and yield stronger weakness towards 1.1172.

 

[acetraderfx]

AceTraderFx Sept 15: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK
Update Time: 15 Sep 2015 01:40 GMT

EUR/USD - 1.1310
Euro's rally to 1.1350 last Friday and intra-day breach of this level signals the rise from last Thursday's trough at 1.1087 to retrace the decline from August's peak at 1.1715 remains in progress and consolidation with upside bias would be seen for gain towards 1.1360/65, then marginally higher.
However, loss of momentum would prevent strong rise above there and reckon resistance at 1.1401 would hold and yield a much-needed correction later.

On the downside, only below 1.1229 (previous resistance, now support) would indicate a temporary top has been made and yield stronger weakness towards 1.1172.

 

[acetraderfx]

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

DAILY MARKET OUTLOOK
Update Time: 16 Sep 2015 01:26 GMT

EUR/USD - 1.1350
Euro's rally to 1.1350 last Friday and then 1.1373 on Monday signals the rise from last Thursday's trough at 1.1087 to retrace the decline from August's peak at 1.1715 remains in progress and consolidation with upside bias would be seen for gain towards 1.1360/65, then marginally higher.
However, loss of momentum would prevent strong rise above there and reckon resistance at 1.1401 would hold and yield a much-needed correction later.

On the downside, only below 1.1229 (previous resistance, now support) would indicate a temporary top has been made and yield stronger weakness towards 1.1172.

 

[acetraderfx]

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

DAILY MARKET OUTLOOK
Update Time: 17 Sep 2015 02:23 GMT

EUR/USD - 1.1315
Euro's rally to 1.1350 last Friday and then 1.1373 on Monday signals the rise from last Thursday's trough at 1.1087 to retrace the decline from August's peak at 1.1715 remains in progress and consolidation with upside bias would be seen for gain towards 1.1360/65, then marginally higher.
However, loss of momentum would prevent strong rise above there and reckon resistance at 1.1401 would hold and yield a much-needed correction later.

On the downside, only below 1.1229 (previous resistance, now support) would indicate a temporary top has been made and yield stronger weakness towards 1.1172.

 

[acetraderfx]

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

DAILY MARKET OUTLOOK
Update Time: 18 Sep 2015 01:13 GMT

EUR/USD - 1.1408
The single currency's rally above Monday's high at 1.1373 to as high as 1.1441 on dollar's broad-based weakness after the Federal Reserve refrained from hiking its interest rates suggests recent erratic uptrend from 1.1087 to retrace decline from August's peak at 1.1715 remains in progress and consolidation with upside bias would be seen for gain towards 1.1470/80, however, loss of momentum should keep price below 1.1531 and yield a correction.

On the downside, only a daily close below 1.1275 would confirm a temporary top has been made and yield stronger pullback towards 1.1220/30.

 

[acetraderfx]

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

DAILY MARKET OUTLOOK
Update Time: 21 Sep 2015 01:54 GMT

EUR/USD - 1.1305
Euro's near term reversal from a 3-week peak of 1.1460 (European high) to as low as 1.1267 and New York session on Friday due to broad-based buying in the usd confirms euro's recent erratic upmove from September's 1.1087 low has formed a top there and consolidation with downside bias is in store in next few days.
Expect 1.1350/60 to cap intra-day recovery and yield further weakness towards 1.1214.
However, near term oversold condition should prevent steep fall today and reckon minor sup at 1.1172 would remain intact and bring subsequent rebound.