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

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

DAILY MARKET OUTLOOK
Update Time: 22 Feb 2016 03:44 GMT

EUR/USD - 1.1112
Despite euro's resumption of decline from February's 3-1/2 month peak of 1.1377 to a 2-week trough of 1.1067 in New York last Friday, subsequent rebound to 1.1138 suggests temporary low is possibly in place and a day of choppy consolidation with upside bias is envisaged.
Above 1.1138/39 res would add credence to this view and yield a much-needed retracement towards 1.1179, however, reckon res at 1.1193 would cap upside.
On the downside, only below 1.1060 (previous res, now sup) would risk marginal weakness, near term loss of momentum momentum should prevent steep fall and 1.1030/40 is expected to contain weakness, bring correction.

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

DAILY MARKET OUTLOOK
Update Time: 26 Feb 2016 03:38 GMT

EUR/USD - 1.1049
Despite yesterday's intra-day choppy swings after early decline to to Wed's 3-week trough at 1.0957, subsequent rebound from 1.0987 to 1.1050 in New York session, then intra-day brief rise to 1.1060 in Asia today suggests recent fall from Feb's 3-1/2 month peak at 1.1377 has made a temporary low and consolidation with upside bias remains for a long-overdue correction to 1.1090/00, near term o/bot condition should cap euro below 1.1138/39 res.

On the downside, only below 1.0987 sup suggests correction is over and risks re-test of 1.0957, however, loss of downward momentum should keep price well above minor daily sup at 1.0904 today.

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

DAILY MARKET OUTLOOK
Update Time: 07 Mar 2016 03:00 GMT

EUR/USD - 1.0993
Although euro's retreat after Friday's rally from 1.0904 to as high as 1.1044 in post-U.S. jobs data New York morning session suggests upmove from last Wednesday's 1-month bottom at 1.0826 has made a temporary top and expect initial consolidation before extending aforesaid rise to 1.1060/68, loss of momentum should cap price below 1.1100/05.

Expect 1.0960/70 to hold and yield such move and only below 1.0904 would signal said correction from 1.0826 over, risk weakness to 1.0848/81 next.

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

DAILY MARKET OUTLOOK
Update Time: 14 Mar 2016 03:39 GMT

EUR/USD - 1.1155
Despite euro's strong retreat to 1.1081 on Friday, subsequent rebound to 1.1193 in New York session signals pullback from last week's 1.1218 (Thursday) has ended there and outlook remains mildly bullish for near term upmove from Thursdays fresh 1-mnth bottom at 1.0821 to resume after consolidation and yield marginal gain to 1.1250, 'loss of momentum' should cap price below 1.1300 and risk has increased for a correction to take place later.

Only below 1.1081 would risk stronger retracement towardsd 1.0858 (previous res, now sup) before prospect of a strong rebound.

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