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AceTraderFx Mar 26: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 26 Mar 2015 01:13 GMT
Although euro's rally from last Thursday's low at 1.0613 to as high as 1.1029 Tuesday signals correction from last Wednesday fresh 2-week peak at 1.1062 has ended there earlier and despite subsequent sell off to 1.0891.
Yesterday's rebound to 1.1014 suggests consolidation with upside bias remains but only above 1.1062 would extend erratic upmove from last Monday's fresh 12-year trough at 1.0457 towards 1.1140/50.
Below 1.0890 would indicate a temporary top is made and shift risk to downside for weakness to 1.0834 but support at 1.0767 should remain intact.
DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 26 Mar 2015 01:13 GMT
Although euro's rally from last Thursday's low at 1.0613 to as high as 1.1029 Tuesday signals correction from last Wednesday fresh 2-week peak at 1.1062 has ended there earlier and despite subsequent sell off to 1.0891.
Yesterday's rebound to 1.1014 suggests consolidation with upside bias remains but only above 1.1062 would extend erratic upmove from last Monday's fresh 12-year trough at 1.0457 towards 1.1140/50.
Below 1.0890 would indicate a temporary top is made and shift risk to downside for weakness to 1.0834 but support at 1.0767 should remain intact.
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