acetraderfx
AceTrader.com Representative
- Messages
- 1,109
AceTraderFx Apr 21: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major
Update Time: 21 Apr 2020 03:30GMT
EUR/USD - 1.0858
Despite Monday's intra-day rise from 1.0842 to 1.0896 in European morning, subsequent choppy swings in New York session suggests recovery from last Friday's 9-day trough at 1.0813 has possibly ended and decline from April's 1.0991 would head to 1.0785/90 after consolidation, however, loss of downward momentum should keep price above 1.0769.
Only a daily close above 1.0896 risks stronger retracement of said fall to 1.0935/39 before prospect of another fall later this week.
Data to be released on Tuesday :
UK claimant count, ILO unemployment rate, employment change, average weekly earnings, Swiss trade balance, exports, imports, Germany ZEW economic sentiment, ZEW current conditions, EU ZEW economic sentiment.
Canada retail sales, retail sales ex-autos, U.S. redbook, existing home sales and New Zealand GDT price index.
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: 21 Apr 2020 03:30GMT
EUR/USD - 1.0858
Despite Monday's intra-day rise from 1.0842 to 1.0896 in European morning, subsequent choppy swings in New York session suggests recovery from last Friday's 9-day trough at 1.0813 has possibly ended and decline from April's 1.0991 would head to 1.0785/90 after consolidation, however, loss of downward momentum should keep price above 1.0769.
Only a daily close above 1.0896 risks stronger retracement of said fall to 1.0935/39 before prospect of another fall later this week.
Data to be released on Tuesday :
UK claimant count, ILO unemployment rate, employment change, average weekly earnings, Swiss trade balance, exports, imports, Germany ZEW economic sentiment, ZEW current conditions, EU ZEW economic sentiment.
Canada retail sales, retail sales ex-autos, U.S. redbook, existing home sales and New Zealand GDT price index.
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