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

acetraderfx

AceTrader.com Representative
Messages
1,109
AceTraderFx Nov 25: Daily Recommendations on Major -EUR/USD

flag_eur.gif
DAILY MARKET OUTLOOK on Major

Update Time: 25 Nov 2021 03:00GMT

EUR/USD - 1.1210
Despite euro's break of Tuesday's 1.1227 low to a fresh 16-month trough of 1.1187 in New York Wednesday, subsequent rebound suggests consolidation is in store before downtrend from 2021 peak at 1.2349 (Jan) resumes, however, near term loss of momentum should keep price above 1.1139.

On the upside, only a daily close above 1.1227 confirms a temporary low is made and risks stronger retracement to 1.1260/70.

Data to be released on Thursday:
New Zealand imports, trade balance, exports, Australia capital expenditure, building capex, Japan coincident index, leading indicator.
Germany GDP, Gfk consumer sentiment, Italy trade balance.
U.S. Market Holiday and Canada average weekly earnings.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time update
 

acetraderfx

AceTrader.com Representative
Messages
1,109
AceTraderFx Nov 26: Daily Recommendations on Major -EUR/USD

flag_eur.gif
DAILY MARKET OUTLOOK on Major

Update Time: 26 Nov 2021 03:00GMT

EUR/USD - 1.1217
Although euro's rebound from Wed's 16-month trough at 1.1187 to 1.1230 yesterday's suggests recent downtrend has made a temporary low, as long as 1.1200/05 holds, stronger retracement towards 1.1155 can't be ruled out, reckon res at 1.1274 should cap upside and yield another fall.

Below 1.1200 would bring re-test of 1.1187, while loss of downward momentum would keep price above 1.1139 and bring correction on Monday.

The euro area countries will be releasing a slew of eco. data n we also have many ECB officials scheduled to speak in European session, please refer to our EI page for full details. ECB President Lagarde will speak at a legal conference at 08:00GMT.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time update
 
Top