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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.
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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