AceTraderFx: Daily Market Outllook on Major -EUR/USD

[acetraderfx]

AceTraderFx Apr 21: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK
Update Time: 21 Apr 2016 04:08GMT

EUR/USD - 1.1298
Yesterday's intra-day selloff after a brief rise above Tuesday's 1.1385 high to 1.1388 at New York open suggests correction from last Thursday's 2-week trough at 1.1234 has ended there and consolidation with downside bias would be seen.
However, break of said support needed to confirm erratic decline from last Tuesday's 5-1/2 month peak at 1.1465 has resumed and extend weakness towards 1.1114.

On the upside, a move back above 1.1388 would encourage a subsequent re-test of 1.1465 and break would extend MT uptrend towards 1.1512 'later'.

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

 

[acetraderfx]

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

DAILY MARKET OUTLOOK
Update Time: 25 Apr 2016 04:01 GMT

EUR/USD - 1.1230
Eruo's breach of previous week's low at 1.1234 to 1.1218 in New York and then marginal weakness to 1.1216 ahead of Asian open today signals erratic decline from April's 5-1/2 month peak at 1.1465 to retrace Medium Term uptrend has resumed and further weakness to next daily chart objective at 1.1144 is seen later this week.
On the upside, only a move back above 1.1309/10 would indicate a temporary low has bee made but resistance at 1.1399 (last Thursday's high) would cap upside.

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]

AceTraderFx Apr 26: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK
Update Time: 26 Apr 2016 04:08 GMT

EUR/USD - 1.1267
Friday's breach of previous week's low at 1.1234 to 1.1218 in New York and then marginal weakness to a fresh 3-week trough at 1.1216 ahead of Asian open yesterday signals erratic decline from April's 5-1/2 month peak at 1.1465 to retrace Medium Term uptrend has resumed and further weakness to next daily chart objective at 1.1144 is seen after consolidation.

On the upside, only a daily close above 1.1309/10 would indicate a temporary bottom has bee made and yield retracement towards 1.1345/55 but resistance at 1.1399 (last Thursday's high) should cap upside.

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]

AceTraderFx Apr 27: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK
Update Time: 27 Apr 2016 04:08 GMT

EUR/USD - 1.1306
Friday's breach of previous week's low at 1.1234 to 1.1218 in New York and then marginal weakness to a fresh 3-week trough at 1.1216 ahead of Asian open yesterday signals erratic decline from April's 5-1/2 month peak at 1.1465 to retrace Medium Term uptrend has resumed and despite subsequent rebound to as high as 1.1340 yesterday, reckon daily resistance at 1.1399 would cap upside and downside bias remains for further weakness to next daily chart objective at 1.1144 after consolidation.
On the upside, only a daily close above 1.1399 would turn outlook bullish for subsequent gain to 1.1438 and then a possible re-test of 1.1465.

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]

AceTraderFx Apr 29: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK
Update Time: 29 Apr 2016 05:08 GMT

EUR/USD - 1.1364
As euro has rebounded after yesterday's intra-day pullback from 1.1368 (Europe) to 1.1310 in New York, suggesting upside bias remains for erratic rise from Monday's 3-week trough at 1.1216 to extend gain towards next chart objective at 1.1399 after consolidation.
However, a daily close above there is needed to confirm early correction from April's 5-1/2 month peak at 1.1465 has ended there and yield re-test of this res next week, then resumption of Medium Term uptrend to 1.1500 later.

On the upside, only a daily close below 1.1272 would indicate aforesaid recovery from 1.1216 over instead and bring re-test of 1.1216, break would extend weakness to 1.1160/70.

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]

AceTraderFx May 4: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK
Update Time: 4 May 2016 02:08 GMT

EUR/USD - 1.1480
Despite yesterday's resumption of recent upmove and intra-day rally to an 8-month peak of 1.1617 in Europe, subsequent selloff in new York session due to broad-based short-covering in the greenback confirms temporary top has been made and consolidation with initial downside bias is seen, below 1.1447/48 support needed to bring stronger correction to 1.1410/14.
On the upside, above 1.1539/42 suggests 1st leg of correction is over and may bring stronger gain to 1.1580/85 but 1.1617 should remain intact ahead of release Fri's key U.S. jobs data.

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]

AceTraderFx May 6: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK
Update Time: 06 May 2016 06:08 GMT

EUR/USD - 1.1401
Yesterday's selloff below 1.1467 sup (now res) to as low as 1.1386 in New York morning due to renewed broad-based USD's strength ahead of release of key U.S. jobs report later today confirms euro's medium-term uptrend from 1.0523 (December 2015) has formed a top at Tuesday's 8-month peak at 1.1617 and consolidation with downside bias remains for further weakness 1.1310/20 later today or next Monday, oversold condition should keep price above 1.1272 sup.

On the upside, a daily close above 1.1467 (possibly due to downbeat U.S. payrolls data) would signal 1st leg of correction from 1.1617 over and risk stronger retracement towards 1.1530 but 1.1560/65 should cap upside.

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]

AceTraderFx May 9: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK
Update Time: 09 May 2016 05:08 GMT

EUR/USD - 1.1402
Euro's selloff from 1.1481 to 1.1387 last Friday and intra-day breach of this support signals decline from last Tuesday's 8-month peak at 1.1617 has once again resumed and consolidation with downside bias is seen for weakness towards 1.1360/70, then 1.1341.
However, near term loss of momentum would prevent steep fall below there and reckon support at 1.1310 would remain intact and yield rebound later.

On the upside, only above 1.1481 would indicate aforesaid pullback has ended instead and turn outlook bullish for gain towards 1.1530

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]

AceTraderFx May 10: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK
Update Time: 10 May 2016 01:08 GMT

EUR/USD - 1.1390
Euro's selloff from 1.1481 to 1.1387 last Friday and intra-day breach of this support signals decline from last Tuesday's 8-month peak at 1.1617 has once again resumed and consolidation with downside bias is seen for weakness towards 1.1360/70, then 1.1341.
However, near term loss of momentum would prevent steep fall below there and reckon support at 1.1310 would remain intact and yield rebound later.

On the upside, only above 1.1481 would indicate aforesaid pullback has ended instead and turn outlook bullish for gain towards 1.1530.

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]

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

DAILY MARKET OUTLOOK
Update Time: 11 May 201601:08 GMT

EUR/USD - 1.1374
Euro's retreat yesterday and subsequent breach of Monday's low at 1.1375 to 1.1359 signals decline from last Tuesday's 8-month peak at 1.1617 has once again resumed and consolidation with downside bias is seen for weakness towards 1.1341.
However, near term loss of momentum would prevent steep fall below there and reckon support at 1.1310 would remain intact and yield rebound later.

On the upside, only above 1.1481 would indicate aforesaid pullback has ended instead and turn outlook bullish for gain towards 1.1530.

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