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

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

DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 20 Apr 2015 01:17 GMT

EUR/USD - 1.0811
Despite euro's retreat after extending last week's upmove from 1.0521 (Monday) to 1.0849 Friday, subsequent rebound from 1.0734 in New York.
This suggests pullback has ended there and consolidation with upside bias remains, above said resistance anytime would bring stronger retracement of decline from March's peak at 1.1062 towards 1.0890/00.

On the downside, only a daily close below 1.0734 would indicate a top is possibly made and shift risk to downside for weakness towards 1.0685 and then 1.0640/50.

 

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

DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 21 Apr 2015 01:22 GMT

EUR/USD - 1.0742
Despite euro's retreat after extending erratic rise from last Monday's 4-week trough at 1.0521 to 1.0849 Friday, as this move signals decline from March's peak at 1.1062 has formed a temporary low there, choppy trading with mild upside bias remains.
Reckon 1.0680/85 would contain weakness and yield rebound later.

Above 1.0805 (Monday's top in Europe) signals pullback over and bring another leg of correction to re-test 1.0849, break, 1.0880/90.

 

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

DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 24 Apr 2015 01:00GMT

EUR/USD - 1.0828
Yesterday's intra-day rally from 1.0666 to 1.0846 confirms pullback from last Friday's high of 1.0849 has ended at 1.0660 Tuesday and consolidation with upside bias remains, break of said resistance would signal up move from last week's low at 1.0521 to retrace early fall from 1.1062 has resumed and extend gain to 1.0887 and then towards 1.0940/50 later.

On the downside, only below 1.0732/33 would prolong choppy trading inside near term range of 1.0849-1.0660 and may yield weakness to 1.0690/00 but aforesaid support area at 1.0660-67 should remain intact.

 

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

DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 27 Apr 2015 01:18 GMT

EUR/USD - 1.0865
Euro's rally to a fresh 2-1/2 week peak at 1.0899 last Friday signals up move from April's bottom at 1.0521 has resumed and further gain to 1.0950/60 would be seen.
However, reckon 1.1000 would cap upside due to near term loss of momentum and bring strong retreat later this week.

On the downside, a daily close below 1.0785 would confirm a top is made and bring correction towards 1.0733 before prospect of a rebound.

 

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

DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 28 Apr 2015 01:14 GMT

EUR/USD - 1.0877
Euro's rally above last Friday's 2-1/2 week peak at 1.0899 to 1.0927 in New York signals up move from April's bottom at 1.0521 has resumed and up side bias remains for further gain to 1.0950/60 after consolidation.
However, reckon 1.1000 would cap upside due to near term loss of momentum and bring strong retreat later this week.

On the downside, a daily close below 1.0785 would confirm a top is made and bring correction towards 1.0733 before prospect of a rebound.

 

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AceTraderFx Apr 29: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 29 Apr 2015 01:00 GMT

EUR/USD - 1.0978
Euro's rally above Monday's high of 1.0927 to a fresh 3-week peak at 1.0991 in New York signals up move from April's bottom at 1.0521 remains in force and further gain to daily chart resistance at 1.1036 would be seen after consolidation, however, reckon upper level of early broad range of 1.0457-1.1062 would hold on first testing and bring retreat later.

On the downside, only a daily close below 1.0927 would suggest a top is made and bring correction towards 1.0860 before prospect of a rebound.

 

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AceTraderFx Apr 30: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK -EUR/USD
Update Time: 30 Apr 2015 01:19 GMT

Euro's rally above previous key resistance at 1.1062 (reaction high from March's 12-year trough at 1.0457) signals long-term decline is still being retraced and despite subsequent intra-day retreat to 1.1076 in New York afternoon after Fed statement.
Upside bias remains for said erratic up move from 1.0457 to resume and extend gain towards 1.1264 after consolidation.

On the downside, only a daily close below 1.0991 would indicate a top is made instead and shift risk to downside for weakness to 1.0960 and then possibly towards 1.0918/27.

 

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

DAILY MARKET OUTLOOK
Update Time: 04 May 2015 01:15 GMT

EUR/USD - 1.1195
Despite euro's resumption of erratic upmove from March's 12-year trough at 1.0457 to a fresh 2-month peak at 1.1290 in Friday's New York morning, subsequent intra-day sell off to 1.1175 signals a temporary top has been made and 1-2 days of consolidation would be seen with mild downside bias.
However, reckon support at 1.1072 would hold and bring rebound later.

On the upside, above 1.1290 would extend aforesaid rise to retrace long-term downtrend has resumed and yield further gain to 1.1340/50.

 

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AceTraderFx May 5:: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK
Update Time: 05 May 2015 01:00 GMT

EUR/USD - 1.1145
Despite euro's resumption of erratic up move from March's 12-year trough at 1.0457 to a fresh 2-month peak at 1.1290 last Friday, subsequent sell off to 1.1175 and then 1.1122 yesterday signals a temporary top has been made and consolidation with mild downside bias is seen for a retracement to 1.1072.
However, reckon 1.1062 (previous key resistance, now sup) would hold and bring rebound later.

On the upside, only above 1.1290 would extend aforesaid rise to retrace long-term downtrend has resumed and yield further gain to 1.1340/50.

 

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AceTraderFx May6: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK
Update Time: 06 May 2015 01:09 GMT

EUR/USD - 1.1180
Despite yesterday's initial sell off below Monday's low at 1.1122 to 1.1066 in Europe, subsequent intra-day rally to 1.1223 (New York) suggests correction from last Friday's 2-month peak at 1.1290 has ended there and consolidation with upside bias remains.
Above 1.1223/24 anytime would confirm this view and yield resumption of early up move from March's 12-year trough at 1.0457 to re-test said resistance, break, 1.1340/50 later.

On the downside, only below 1.1100 would indicate aforesaid recovery is over instead and bring re-test of 1.1066.