AceTraderFx: Daily Market Outllook on Major -EUR/USD
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AceTraderFx Feb 26: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 26 Feb 2016 03:38 GMT
EUR/USD - 1.1049
Despite yesterday's intra-day choppy swings after early decline to to Wed's 3-week trough at 1.0957, subsequent rebound from 1.0987 to 1.1050 in New York session, then intra-day brief rise to 1.1060 in Asia today suggests recent fall from Feb's 3-1/2 month peak at 1.1377 has made a temporary low and consolidation with upside bias remains for a long-overdue correction to 1.1090/00, near term o/bot condition should cap euro below 1.1138/39 res.
On the downside, only below 1.0987 sup suggests correction is over and risks re-test of 1.0957, however, loss of downward momentum should keep price well above minor daily sup at 1.0904 today.
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Update Time: 26 Feb 2016 03:38 GMT
EUR/USD - 1.1049
Despite yesterday's intra-day choppy swings after early decline to to Wed's 3-week trough at 1.0957, subsequent rebound from 1.0987 to 1.1050 in New York session, then intra-day brief rise to 1.1060 in Asia today suggests recent fall from Feb's 3-1/2 month peak at 1.1377 has made a temporary low and consolidation with upside bias remains for a long-overdue correction to 1.1090/00, near term o/bot condition should cap euro below 1.1138/39 res.
On the downside, only below 1.0987 sup suggests correction is over and risks re-test of 1.0957, however, loss of downward momentum should keep price well above minor daily sup at 1.0904 today.
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AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates
acetraderfx
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AceTraderFx Feb 29: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 29 Feb 2016 04:35 GMT
EUR/USD - 1.0925
Euro's intra-day selloff in New York session on Friday after release of a slew of upbeat U.S. economic data and subsequent breach of 1.0957 sup (now res) to a fresh 3-week trough of 1.0911/12.
This suggests recent decline from February's 1.1377 peak to retrace medium-term upmove from 1.0523 (2015 December bottom) would pressure price towards 1.0849 (61.8% r) later this.
Today, outlook remains bearish for weakness to 1.0880/90 after consolidation and only a daily close above 1.0957 would indicate temporary low is in place and risk stronger retracement towards 1.1020/30 but res at 1.1068 (Friday's high) should remain intact.
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Update Time: 29 Feb 2016 04:35 GMT
EUR/USD - 1.0925
Euro's intra-day selloff in New York session on Friday after release of a slew of upbeat U.S. economic data and subsequent breach of 1.0957 sup (now res) to a fresh 3-week trough of 1.0911/12.
This suggests recent decline from February's 1.1377 peak to retrace medium-term upmove from 1.0523 (2015 December bottom) would pressure price towards 1.0849 (61.8% r) later this.
Today, outlook remains bearish for weakness to 1.0880/90 after consolidation and only a daily close above 1.0957 would indicate temporary low is in place and risk stronger retracement towards 1.1020/30 but res at 1.1068 (Friday's high) should remain intact.
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acetraderfx
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AceTraderFx Mar 1: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 01 Mar 2016 04:33 GMT
EUR/USD - 1.0880
Despite yesterday's anticipated resumption of recent decline from February's 1.1377 peak to a fresh 3-week low of 1.0859 after data showed euro zone moved back into deflation, subsequent minor recovery in New York due to downbeat U.S. economic data suggests consolidation is in store.
As long as 1.0912 (last Friday's low, now res) holds, marginal weakness is likely, however, loss of near term downward momentum should keep price above 1.0810 sup and bring correction later today or tomorrow.
A firm rise above 1.0912/22 would be the 1st signal temporary bottom is in place and bring stronger retracement twd 1.0957/63.
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Update Time: 01 Mar 2016 04:33 GMT
EUR/USD - 1.0880
Despite yesterday's anticipated resumption of recent decline from February's 1.1377 peak to a fresh 3-week low of 1.0859 after data showed euro zone moved back into deflation, subsequent minor recovery in New York due to downbeat U.S. economic data suggests consolidation is in store.
As long as 1.0912 (last Friday's low, now res) holds, marginal weakness is likely, however, loss of near term downward momentum should keep price above 1.0810 sup and bring correction later today or tomorrow.
A firm rise above 1.0912/22 would be the 1st signal temporary bottom is in place and bring stronger retracement twd 1.0957/63.
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AceTraderFx Mar 2: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 02 Mar 2016 03:08 GMT
EUR/USD - 1.0870
Despite yesterday's anticipated resumption of recent decline from Feb's 3-1/2 month peak at 1.1377 to a 1-month trough of 1.0834 after release of a string of upbeat U.S. data and dovish comments by ECB President Mario Draghi, subsequent short-covering rebound signals temporary low has been made and consolidation is in store.
As long as 1.0912 (previous low, now res) holds, marginal weakness is likely, however, weakening of downward momentum should limit downside to 1.0800/10 and bring correction later this week.
On the upside, a daily close above 1.0912 would confirm long-awaited correction has taken place, then risk is seen for stronger retracement to 1.0950/60 but 1.0987/90 should cap upside.
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Update Time: 02 Mar 2016 03:08 GMT
EUR/USD - 1.0870
Despite yesterday's anticipated resumption of recent decline from Feb's 3-1/2 month peak at 1.1377 to a 1-month trough of 1.0834 after release of a string of upbeat U.S. data and dovish comments by ECB President Mario Draghi, subsequent short-covering rebound signals temporary low has been made and consolidation is in store.
As long as 1.0912 (previous low, now res) holds, marginal weakness is likely, however, weakening of downward momentum should limit downside to 1.0800/10 and bring correction later this week.
On the upside, a daily close above 1.0912 would confirm long-awaited correction has taken place, then risk is seen for stronger retracement to 1.0950/60 but 1.0987/90 should cap upside.
AceTrader - Best Intra-day Forex Trading Strategies
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acetraderfx
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AceTraderFx Mar 3: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 03 Mar 2016 04:01GMT
EUR/USD - 1.0872
Despite euro's anticipated resumption of recent decline from Feb's 1.1377 peak to a 1-month trough of 1.0826 in New York morning after upbeat U.S. private ADP employment report, subsequent rebound to 1.0874 (Australia) suggests temporary low has been made and consolidation with mild upside bias remains, above 1.0912 (previous sup, now res) is needed to bring stronger retracement to 1.3950/60.
On the downside, below 1.0826 would yield marginal weakness towards 1.0800/10, however, loss of downward momentum should keep price well above daily sup at 1.0776 and bring a much-needed correction later today or tomorrow.
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Update Time: 03 Mar 2016 04:01GMT
EUR/USD - 1.0872
Despite euro's anticipated resumption of recent decline from Feb's 1.1377 peak to a 1-month trough of 1.0826 in New York morning after upbeat U.S. private ADP employment report, subsequent rebound to 1.0874 (Australia) suggests temporary low has been made and consolidation with mild upside bias remains, above 1.0912 (previous sup, now res) is needed to bring stronger retracement to 1.3950/60.
On the downside, below 1.0826 would yield marginal weakness towards 1.0800/10, however, loss of downward momentum should keep price well above daily sup at 1.0776 and bring a much-needed correction later today or tomorrow.
AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates
acetraderfx
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AceTraderFx Mar 4: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 04 Mar 2016 04:23 GMT
EUR/USD - 1.0941
Yesterday's rally above 1.0912 to as high as 1.0973 in New York session due to broad-based long liquidation in the USD confirms recent decline from February's 3-1/2 month peak at 1.1377 has indeed formed a low at 1.0826 on Wednesday and consolidation with upside bias remains for further gain to 1.1030/35.
However, near term o/bot condition should cap euro below 1.1060/68 res today.
On the downside, only firm break of 1.0912 would suggest 1st leg of correction is over and risk stronger retracement towards 1.0853/58 but 1.0826 should remain intact.
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Update Time: 04 Mar 2016 04:23 GMT
EUR/USD - 1.0941
Yesterday's rally above 1.0912 to as high as 1.0973 in New York session due to broad-based long liquidation in the USD confirms recent decline from February's 3-1/2 month peak at 1.1377 has indeed formed a low at 1.0826 on Wednesday and consolidation with upside bias remains for further gain to 1.1030/35.
However, near term o/bot condition should cap euro below 1.1060/68 res today.
On the downside, only firm break of 1.0912 would suggest 1st leg of correction is over and risk stronger retracement towards 1.0853/58 but 1.0826 should remain intact.
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AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates
acetraderfx
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AceTraderFx Mar 7: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 07 Mar 2016 03:00 GMT
EUR/USD - 1.0993
Although euro's retreat after Friday's rally from 1.0904 to as high as 1.1044 in post-U.S. jobs data New York morning session suggests upmove from last Wednesday's 1-month bottom at 1.0826 has made a temporary top and expect initial consolidation before extending aforesaid rise to 1.1060/68, loss of momentum should cap price below 1.1100/05.
Expect 1.0960/70 to hold and yield such move and only below 1.0904 would signal said correction from 1.0826 over, risk weakness to 1.0848/81 next.
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Update Time: 07 Mar 2016 03:00 GMT
EUR/USD - 1.0993
Although euro's retreat after Friday's rally from 1.0904 to as high as 1.1044 in post-U.S. jobs data New York morning session suggests upmove from last Wednesday's 1-month bottom at 1.0826 has made a temporary top and expect initial consolidation before extending aforesaid rise to 1.1060/68, loss of momentum should cap price below 1.1100/05.
Expect 1.0960/70 to hold and yield such move and only below 1.0904 would signal said correction from 1.0826 over, risk weakness to 1.0848/81 next.
AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates
acetraderfx
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AceTraderFx Mar 9: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 09 Mar 2016 04:20 GMT
EUR/USD - 1.0993
Despite yesterday's anticipated resumption of upmove from last Wed's 1-month bottom at 1.0826 to 1.1058 in New York morning on broad-based retreat in global equities, subsequent strong retreat to 1.0993 signals aforesaid rise has indeed formed a temporary top there and choppy trading with near term downside bias is seen ahead of Thursday's ECB monetary policy meeting, however, reckon sup at 1.0940 would contain weakness and bring rebound later today or tomorrow.
Only above 1.1058/68 res area is needed to revive bullish prospect of further subsequent headway to 1.1100/05 whilst below 1.0940 may risk stronger retracement twd 1.0904.
AceTrader - Best Intra-day Forex Trading Strategies
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Update Time: 09 Mar 2016 04:20 GMT
EUR/USD - 1.0993
Despite yesterday's anticipated resumption of upmove from last Wed's 1-month bottom at 1.0826 to 1.1058 in New York morning on broad-based retreat in global equities, subsequent strong retreat to 1.0993 signals aforesaid rise has indeed formed a temporary top there and choppy trading with near term downside bias is seen ahead of Thursday's ECB monetary policy meeting, however, reckon sup at 1.0940 would contain weakness and bring rebound later today or tomorrow.
Only above 1.1058/68 res area is needed to revive bullish prospect of further subsequent headway to 1.1100/05 whilst below 1.0940 may risk stronger retracement twd 1.0904.
AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates
acetraderfx
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AceTraderFx Mar 10: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 10 Mar 2016 05:03 GMT
EUR/USD - 1.0985
Despite yesterday's strong rebound from 1.0946 to 1.1035 in New York session, subsequent retreat suggests choppy price swings below Tuesday's 1.1058 peak would continue ahead of ECB's monetary policy meeting later today.
As long as sup at 1.0940/46 sup holds, outlook remains mildly bullish for euro's early upmove from last Wednesday's 1-month bottom at 1.0826 to head toward 1.1000/05 later.
On the downside, a daily close below 1.0904 (last Friday's low) would indicate aforesaid correction has ended, then risk would shift to the downside for a re-test of 1.0826 later next week.
AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates
Update Time: 10 Mar 2016 05:03 GMT
EUR/USD - 1.0985
Despite yesterday's strong rebound from 1.0946 to 1.1035 in New York session, subsequent retreat suggests choppy price swings below Tuesday's 1.1058 peak would continue ahead of ECB's monetary policy meeting later today.
As long as sup at 1.0940/46 sup holds, outlook remains mildly bullish for euro's early upmove from last Wednesday's 1-month bottom at 1.0826 to head toward 1.1000/05 later.
On the downside, a daily close below 1.0904 (last Friday's low) would indicate aforesaid correction has ended, then risk would shift to the downside for a re-test of 1.0826 later next week.
AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates
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