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

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AceTraderFx Mar 10: Daily Market Outlook on Major -EUR/USD

DAILY MARKET OUTLOOK
Update Time: 10 Mar 2015 01:45 GMT

EUR/USD - 1.0832
Despite euro's brief rebound from Monday's fresh 11-1/2 year low at 1.0823 to 1.0907 in Europe on short-covering, as renewed selling pressured price again, suggesting recent downtrend would resume after minor consolidation, yield re-test of said support, below would extend weakness towards projected downside target at 1.0752 later.

On the upside, only a breach of 1.0907 would signal temporary low is made and bring stronger rebound to 1.0929 and 1.0988.

 

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

DAILY MARKET OUTLOOK EUR/USD - 1.0550
Update Time: 12 Mar 2015 00:54 GMT

Euro's fall to a fresh near 12-year bottom of 1.0561 yesterday suggests outlook remains mildly bearish for recent downtrend to yield marginal weakness towards 1.0500 after consolidation, however, 'loss of downward momentum' has increased risk of a correction later today or tomorrow.

On the upside, only a daily close above 1.0660/70 would indicate temporary low is in place, then euro is likely to head to 1.0700/10 and possibly towards 1.0750/60 before prospect of another sell off.

 

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

DAILY MARKET OUTLOOK EUR/USD - 1.0615
Update Time: 13 Mar 2015 00:56 GMT

Despite euro's marginal weakness to a fresh 12-year trough at 1.0494 in Asia on Thursday, subsequent strong rebound to 1.0643 in European morning on active short-covering and then a brief jump to 1.0684 on release of weak U.S. retail sales signals mid-term downtrend has made a temporary low there and a long-overdue correction towards 1.0700 level is envisaged.

On the downside, only a daily close below 1.0556 (previous resistance, now support) would indicate above mentioned recovery is over instead and yield re-test of 1.0494, break, 1.0430/40.

 

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

DAILY MARKET OUTLOOK ON MAJOR EUR/USD

Update Time: 16 Mar 2015 01:20 GMT
EUR/USD - 1.0515

Despite euro's intra-day fall below Friday's fresh 12-year trough at 1.0462 to 1.0457 (Reuters) in New Zealand, subsequent intra-day rebound suggests choppy trading would be seen in Asia.
However, reckon 1.0566 (previous sup, now resistance) would cap upside and bearishness remains for another decline later, below 1.0457 would extend weakness to 1.0436 and then 1.0400.

On the upside, only a daily close above 1.0636 would indicate a temporary low is made and yield retracement towards 1.0684 (last Thursday's high).

 

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

DAILY MARKET OUTLOOK
Update Time: 17 Mar 2015 01:13 GMT

EUR/USD - 1.0555
Despite euro's initial fall below Friday's fresh 12-year trough at 1.0462 to 1.0457 (Reuters) in yesterday's New Zealand, subsequent intra-day rally to 1.0620 (New York) signals recent strong downtrend has 'finally' made a temporary low there and stronger retracement towards chart objective at 1.0684 is likely before prospect of a retreat.

On the downside, only below 1.0498 (yesterday's European morning support) would indicate correction is over instead and bring subsequent weakness towards 1.0457.

 

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


DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 18 Mar 2015 00:57 GMT

EUR/USD - 1.0606

Despite euro's rally from Monday's fresh 12-year trough at 1.0457 to as high as 1.0651 yesterday, subsequent intra-day retreat to 1.0584 in New York suggests 1st leg of correction has ended there and choppy trading with mild downside bias remains.
Below 1.0584 would bring weakness to 1.0551 (yesterday's low in Asia) but support at 1.0498 should remain intact.

On the upside, only above 1.0651 would yield stronger retracement of recent strong downtrend to 1.0684 but reckon resistance at 1.0717 would remain intact.

 

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

DAILY MARKET OUTLOOK on Major EUR/USD

Update Time: 20 Mar 2015 00:48 GMT

EUR/USD - 1.0663

Despite euro's rally from 1.0580 to as high as 1.1062 Wednesday, renewed broad-based strength in greenback pressured price sharply from there and the single currency tumbled to 1.0613 in yesterday New York.
This is suggesting the said correction has ended and choppy trading with downside bias would be seen.

Looking ahead, a daily close below 1.0551 support would confirm this view and bring re-test of the said temporary low later this month.

On the upside, only above 1.0820 (previous support) would prolong choppy trading but reckon resistance at 1.0920 would remain intact.

 

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AceTraderFx Mar 23: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 23 Mar 2015 01:06 GMT
EUR/USD - 1.0815

Euro's rally from last Thursday's low at 1.0613 to as high as 1.0882 last Friday signals correction from last Wednesday fresh 2-week peak at 1.1062 has ended there earlier and consolidation with upside bias remains.
A daily close above 1.0920 would encourage for gain towards 1.1000 but said temporary is likely to hold this week.

Looking ahead, only above 1.1062 would extend erratic up move from last Monday's fresh 12-year trough at 1.0457 towards 1.1140/50.

On the downside, below 1.0695 would prolong choppy trading but above mentioned support at 1.0613 should remain intact.

 

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

DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 24 Mar 2015 01:12 GMT

EUR/USD - 1.0936

Euro's rally from last Thursday's low at 1.0613 to as high as 1.0972 yesterday signals correction from last Wednesday fresh 2-week peak at 1.1062 has ended there earlier and consolidation with upside bias remains.
Looking ahead, above 1.1062 is needed to extend erratic up move from last Monday's fresh 12-year trough at 1.0457 towards 1.1140/50.

On the downside, below 1.0882 (Friday's high, now support) would prolong choppy trading but reckon 1.0834 would contain pullback.

 

[acetraderfx]

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

DAILY MARKET OUTLOOK EUR/USD

Update Time: 25 Mar 2015 01:11 GMT

Although euro's rally from last Thursday's low at 1.0613 to as high as 1.1029 yesterday signals correction from last Wednesday fresh 2-week peak at 1.1062 has ended there earlier, subsequent intra-day sell off to 1.0891 in New York suggests further choppy trading would be seen and near term downside bias is seen for weakness towards 1.0820/30.
However, reckon sup at 1.0767 would hold and bring rebound later.

Looking ahead, above 1.1062 is needed to extend erratic upmove from last Monday's fresh 12-year trough at 1.0457 towards 1.1140/50.