AceTraderFx: Daily Market Outllook on Major -EUR/USD

[acetraderfx]

AceTraderFx Jul 04: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 04 Jul 2016 01:21 GMT

EUR/USD - 1.1133
Despite euro's daily wild swings last week, Friday's gain to 1.1170 suggests choppy trading above June's 3-month trough at 1.0912 would continue and above 1.1190 (post-Brexit high) would bring stronger retracement of recent downtrend to 1.1230/40 before prospect of a retreat due to near term loss of upward momentum.
On the downside, below 1.1072 (Fri's low) anytime suggests erratic rise from last week's low at 1.0971 has made a top, then risk is seen for subsequent weakness towards 1.1024.

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 Jul 05: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 05 Jul 2016 05:20 GMT

EUR/USD - 1.1133
Despite intra-day rebound from 1.1098 (Europe) to as high as 1.1164 near holiday-thinned North American close, euro's retreat in Asia today suggests choppy trading below last Friday's 1.1170 high would continue and below 1.1098 would confirm near term erratic rise from last week's 1.0971 low (Mon) has made a top, then weakness towards 1.1024 chart objective may be seen later.

On the upside, only above 1.1170 would bring test of post-Brexit high of 1.1190 but only break there is needed to turn outlook bullish for a stronger retracement of medium-term downtrend to 1.0237/42.

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 Jul 06: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 06 Jul 2016 05:02 GMT

EUR/USD - 1.1043
Despite yesterday's brief jump to session high of 1.1186 in early European trading, intra-day broad-based strength in the greenback (except vs the yen) in New York session and subsequent weakness to 1.1063 near Tuesday's close suggests euro's recent 'gyrations' would continue inside early established broad range of 1.0912-1.1190 and downside bias remains for weakness to 1.1024 after consolidation, near term o/sold condition is expected to keep price above pivotal sup at 1.0971.

On the upside, only above 1.1120/30 would dampen intra-day bearish view on euro and risk stronger gain but 1.1170/80 should cap upside and yield another fall later this 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

 

[acetraderfx]

AceTraderFx Jul 07: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 07 Jul 2016 04:08 GMT

EUR/USD - 1.1091
Despite yesterday's resumption of decline from this week's high of 1.1186 (Tuesday) to as low as 1.1029 in New York morning, subsequent strong bounce to 1.1112 suggests euro's recent 'gyrations' inside early broad range of 1.1190-1.0971 would continue, at least until release of Fri's key U.S. payrolls data.

As long as 1.1024/29 sup area holds, mild upside bias but only above 1.1186/90 res would extend erratic rise from June's 3-month bottom at 1.0912 towards 1.1237.
Below 1.1024/29 sup would shift risk to downside for weakness towards pivotal sup at 1.0971.

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 Jul 08: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 08 Jul 2016 05:06 GMT

EUR/USD - 1.1071
Euro's daily swings seen in last 2 week following early rebound from June's post-Brexit 3-month bottom at 1.0912 may continue even after release of key U.S. jobs data later today.
However, this week's decline from 1.1186 to 1.1029 (Wednesday) suggests consolidation with downside bias remains, a daily close below pivotal sup at 1.0971 is needed to retain bearish prospect of a re-test of 1.0912 next week.
On the upside, above 1.1220/30 would risk another rise towards strong res at 1.1186/90 where only a break there would abort bearishness on euro and shift risk to upside for stronger retracement towards 1.1237 instead.

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 Jul 11: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 11 Jul 2016 05:18 GMT

EUR/USD - 1.1048
Despite Friday's volatile trading immediately after release of upbeat U.S. jobs data, as euro had fallen after intra-day brief rebound from 1.1002 to as high as 1.1120, choppy consolidation with downside bias is seen, below said Friday's 1.1002 low would extend erratic fall from last week's 1.1186 top towards daily pivotal sup at 1.0971.

On the upside, only above 1.1120 would 'prolong' recent 'gyrations inside established broad range of 1.1190-1.0971 and may risk stronger gain to 1.1150/60 but 1.1186 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 Jul 12: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 12 Jul 2016 04:08 GMT

EUR/USD - 1.1055
Despite yesterday's intra-day rebound from European low of 1.1016 to 1.1075 in New York morning, subsequent narrow move and subdued New York afternoon session suggests euro would continue to move inside last Friday's 1.1002-1.1120 broad range with a neutral bias.

As long as indicated upper level holds, decline from from last week's 1.1186 high may resume later today or tomorrow to 1.0985/95 whilst above said 1.1120 res would risk stronger gain to 1.1145/55 but 1.1186 should remain intact.

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 Jul 13: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 13 Jul 2016 05:09 GMT

EUR/USD - 1.1060
Although yesterday's initial rise in Europe and then a brief break of last Fri's post-NFP high of 1.1120 confirms decline from last week's peak at 1.1186 (Wednesday) has made a low at 1.1002, subsequent intra-day erratic decline in New York session, then in Asia today suggests recent daily price swings inside early broad range of 1.1186-1.0971 would continue.

As long as 1.1120/26 res holds, consolidation with downside bias remains for further fall today.
However, sup area at 1.1002/16 should contain weakness and bring another bounce 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]

AceTraderFx Jul 14: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 14 Jul 2016 05:04 GMT

EUR/USD - 1.1098
Yesterday's anticipated rebound from 1.1042 to 1.1120 (New York high) confirms further choppy trading above last week's low at 1.1002 (Friday) would continue and consolidation with upside bias remains for re-test of Tuesday's 1.1126 high, above would encourage for subsequent headway to 1.1150/60.
However, price is expected to remain confined inside established broad range of 1.1186-1.0971 in next few sessions.

On the downside, only below 1.1042 would dampen near term bullishness on euro.
However, 1.1002 should remain intact and bring another rebound 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 updates

 

[acetraderfx]

AceTraderFx Jul 15: Daily Recommendations on Major - USD/JPY

DAILY MARKET OUTLOOK on Major USD/JPY
Update Time: 15 Jul 2016 09:09 GMT

USD/JPY - 105.92
Although intra-day break of yesterday's high of 105.94 to 106.32 in Asia confirms recent upmove from Jun's 29-month trough at 99.00 has once again resumed, near term loss of momentum may cap price below dollar's pre-Brexit peak at 106.84 today and bring a much-needed retracement of aforesaid rise later.

A daily close below 104.99/05 would be the 1st signal a temporary top is in place and yield weakness to 113.91/99 tomorrow or early 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