AceTraderFx Apr 22: Daily Market Outllook on Major -EUR/USD

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DAILY MARKET OUTLOOK on Major -EUR/USD

Update Time: 22 Apr 2014 00:52 GMT

EUR/USD - 1.3791
Yesterday's anticipated breach of last week's low at 1.3790 to 1.3787 in holiday-thinned New York session confirms recent decline from April's high at 1.3906 has resumed and expect initial consolidation before aforesaid fall pressures euro to 1.3761 (being 61.8% r of the early rise from 1.3672-1.3906), however, loss of downward momentum is likely to keep price above 1.3748 (previous res, now sup).

On the upside, only a firm rise back above Monday's high at 1.3831 would signal temporary low is in place, however, reckon res at 1.3865 would remain intact.
 
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AceTraderFx Apr 28, 2014: Intra-Day Market Moving News and Views EUR/USD

Intra-Day Market Moving News and Views

28 Apr 2014 09:33GMT

EUR/USD - 1.3872... German gov't spokesman says 'Russia shud use its influence on separatists in Ukraine to ensure OSCE observers are released.'

The single currency found renewed buying at 1.3818 at European open n jumped to 1.3876 in early European morning in tandem with cable after tripping stops at 1.3850/55. Bids are now raised to 1.3855/60 n more below at 1.3840/50 with stops building up below there.

Mkt focus is now on the release of EU inflation figures later this week, as that wud give some indication on the possibility of ECB deploying unconventional measures to manage the Eurozone.

ECB's Constancio says 'have no target in mind for April inflation data; it is not just one or two numbers that matter but medium-term outlook; we are not entirely out of the danger zone, it is too soon to declare the crisis over; Eurozone challenges include a low inflation period that threatens to aggravate debt overhand besetting some gov'ts; there are several policy instruments available, we will act if we see we need to.'

ECB's Noyer says 'euro strength is a powerful deflationary factor; ECB willing to use unconventional measures if needed; Hollande's plan to cut charges, spending unavoidable.'
 

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AceTraderFx Feb 11: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK
Update Time: 11 Feb 2016 05:02 GMT

EUR/USD - 1.1287
Despite euro's intra-day sharp fall to session low of 1.1161 after release of Fed Yellen's prepared text, subsequent rally to 1.1299 near New York close following Yellen's Congressional testimony on Capital Hill, then intra-day brief rise to 1.1320 in Asia today suggests correction from Tuesday's fresh 3-1/2 month peak at 1.1338 has ended and outlook remains mildly bullish for re-test of 1.1338 after consolidation, 'loss of momentum' should cap price below previous daily res at 1.1386.
On the downside, only below 1.1220/30 would prolong choppy trading below 1.1338, risk weakness to 1.1190/00, however, reckon 1.1161/63 sup would contain weakness.
 

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

DAILY MARKET OUTLOOK
Update Time: 12 Feb 2016 05:08 GMT

EUR/USD - 1.1310
Despite euro's resumption of recent strong upmove to a fresh 3-1/2 month high of 1.1377, subsequent retreat and intra-day weakness in Asia suggests consolidation is in store ahead of a slew of European eco. data in Europe.
As long as 1.1274/75 sup holds, mild upside bias remains but above 1.1377/87 res area needed to extend to 1.1400.
On the downside, only a daily close below 1.1274 confirms temporary top is made, then risk would shift to the downside for a long-overdue correction to 1.1200/10 but sup at 1.1161 should remain intact.
 

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

DAILY MARKET OUTLOOK
Update Time: 16 Feb 201605:08 GMT

EUR/USD - 1.1176

Although euro's selloff below last Friday's 1.1214 low (now res) and then break of 1.1161 sup to as low as 1.1128 in Monday's holiday-thinned North American session following dovish comments by ECB President Draghi before the European Parliament confirms medium-term uptrend has made a temporary top at last Thursday's 3-1/2 month peak at 1.1377, loss of momentum should prevent steep fall today and reckon sup at 1.1086 would contain weakness and bring strong rebound later today or tomorrow.

On the upside, a daily close above 1.1214 would signal at least the 1st leg of correction from 1.1377 has ended, then stronger gain towards 1.1265/75 would follow later this week.


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

DAILY MARKET OUTLOOK
Update Time: 18 Feb 2016 04:28 GMT

EUR/USD - 1.1136
Despite yesterday's resumption of decline from last Thursday's 3-1/2 month peak of 1.1377 to 1.1106 in New York morning, subsequent rebound following mildly dovish FOMC minutes suggests temporary low is possibly made and consolidation with upside bias is in store, above 1.1193 would confirm this view and bring stronger retracement to 1.1240/50.

Below 1.1106 would extend marginal weakness, however, loss of downward momentum should prevent steep fall today and reckon daily chart sup at 1.1086 would hold on 1st testing and bring rebound.

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

DAILY MARKET OUTLOOK
Update Time: 19 Feb 2016 05:16 GMT

EUR/USD - 1.1123
Although euro's break of indicated daily sup at 1.1086 to 1.1071 in New York morning on Thur suggests the medium- term rise from 2015 Dec's 7-1/2 month bottom at 1.0523 has made a top last week at 1.1377, intra-day rebound in Asia today suggests consolidation with near term upside bias is in store, above 1.1150/57 res would bring stronger retracement to 1.1179, however, reckon res at 1.1193 would hold and yield retreat later today or Monday.

Below 1.1071 would extend to 1.1060 (December's high, now sup), however, weakening of downward momentum should keep euro above projected sup at 1.0035/40.

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

DAILY MARKET OUTLOOK
Update Time: 23 Feb 2016 04:15 GMT

EUR/USD - 1.1043
Euro's selloff below 1.1067/71 sup (now res) yesterday's to 1.1003 in New York suggests decline from Feb's 3-1/2 month peak at 1.1377 would resume after minor consolidation and further weakness to 1.0985 is envisaged.
However, near term loss of momentum should prevent steep fall and reckon 1.3950/60 would hold from here today and risk has increased for a much-needed correction to take place.

On the upside, a daily close above 1.1067 would confirm aforesaid decline has finally formed a temporary low, then stronger retracement to 1.1138/39 would follow, however, res at 1.1193 should remain intact.

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

DAILY MARKET OUTLOOK
Update Time: 24 Feb 2016 03:48 GMT

EUR/USD - 1.1010
Although euro is expected to gain respite in Asia following yesterday's intra-day decline from 1.1052 to 1.0990 following release of downbeat German Ifo data and initial consolidation is in store, outlook remains mildly bearish for recent decline from February's 1.1377 peak to pressure price to 1.0950/60.
However, loss of near term downward momentum should prevent steep fall and risk has increased for a much-needed minor correction to take place later today or tomorrow.

On the upside, expect 1.1052 to hold and yield one more fall, only a daily close above 1.1067/71 would signal temporary bottom is finally in place and may bring stronger retracement towards 1.1093.

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

DAILY MARKET OUTLOOK
Update Time: 25 Feb 201605:00 GMT

EUR/USD - 1.1027
Although yesterday's rally from a fresh 3-week bottom of 1.0957 to as high as 1.1046 in New York session confirms euro's recent decline from February's 1.1377 peak has finally made a temporary low and 1-2 days of choppy consolidation is in store, as long as 1.1067/71 (previous ups, now res) holds, downside bias remains.
Below 1.0957 needed to extend marginal weakness, loss of momentum should keep price well above minor chart at 1.0904.

A firm rise above 1.1071 would signal long-awaited correction of aforesaid decline has taken place and risk stronger retracement towards 1.1138/39 before prospect of retreat next week.

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