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AceTraderFx Aug 13: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major
Update Time: 13 Aug 2021 03:00GMT
EUR/USD - 1.1736
Despite euro's narrow move in subdued Thursday's session following rebound from Wednesday's fresh 4-month trough at 1.1707 to 1.1753, outlook remains bearish for re-test of 2021 bottom at 1.1705, loss of momentum should keep price above projected sup at 1.1653.
Only a daily close above 1.1768 (Monday's high) dampens bearish outlook and risks stronger correction to 1.1819/29 early next week.
On the data front, euro are countries will release a slew of second-tier eco. data, please refer to our EI page for details.
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
Update Time: 13 Aug 2021 03:00GMT
EUR/USD - 1.1736
Despite euro's narrow move in subdued Thursday's session following rebound from Wednesday's fresh 4-month trough at 1.1707 to 1.1753, outlook remains bearish for re-test of 2021 bottom at 1.1705, loss of momentum should keep price above projected sup at 1.1653.
Only a daily close above 1.1768 (Monday's high) dampens bearish outlook and risks stronger correction to 1.1819/29 early next week.
On the data front, euro are countries will release a slew of second-tier eco. data, please refer to our EI page for details.
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