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AceTraderFx Sept 10: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major
Update Time: 10 Sept 2020 03:30GMT
EUR/USD - 1.1808
Despite yesterday's resumption of decline from Sep's 1.2011 peak to a near 4-week trough of 1.1754 in Europe, subsequent rally to 1.1833 signals 1st leg of correction is over and sideways swings are seen ahead of ECB's monetary policy announcement, reckon 1.1900/10 would cap present rise and yield strong retreat.
On the downside, a daily close below 1.1782 would bring re-test of 1.1754, however, loss of downward momentum would keep price above daily sup at 1.1712.
Data to be released on Wednesday :
New Zealand manufacturing sales, ANZ business confidence, ANZ activity outlook, Australia consumer sentiment, China PPI, CPI.
Swiss unemployment rate, Japan machine tool orders.
U.S. MBA mortgage applications, redbook, JOLTS job openings, and Canada housing starts, Bank of Canada interest rate decision.
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 updates
Update Time: 10 Sept 2020 03:30GMT
EUR/USD - 1.1808
Despite yesterday's resumption of decline from Sep's 1.2011 peak to a near 4-week trough of 1.1754 in Europe, subsequent rally to 1.1833 signals 1st leg of correction is over and sideways swings are seen ahead of ECB's monetary policy announcement, reckon 1.1900/10 would cap present rise and yield strong retreat.
On the downside, a daily close below 1.1782 would bring re-test of 1.1754, however, loss of downward momentum would keep price above daily sup at 1.1712.
Data to be released on Wednesday :
New Zealand manufacturing sales, ANZ business confidence, ANZ activity outlook, Australia consumer sentiment, China PPI, CPI.
Swiss unemployment rate, Japan machine tool orders.
U.S. MBA mortgage applications, redbook, JOLTS job openings, and Canada housing starts, Bank of Canada interest rate decision.
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 updates