acetraderfx
AceTrader.com Representative
- Messages
- 1,109
AceTraderFx Sept 19: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major
Update Time: 19 Sept 2022 03:00GMT
EUR/USD - 1.0014
Although euro's selloff from last Monday's 3-week top at 1.0197 to 0.9945 on Friday suggests correction from September's fresh 20-year bottom at 0.9865 has ended, subsequent rebound to 1.0036 in New York may head back to 1.0055/65 before down, below 0.9990/94 would head to 0.9945/55 but break needed for 0.9905/15.
On the upside, only a daily close above 1.0101/05 would risk stronger gain towards 1.0141 but 1.0197 should hold.
Data to be released later:
New Zealand business NZ PSI.
U.K. market holiday, Japan market holiday, EU construction output.
Canada producer prices and U.S. NAHB housing market index on Monday.
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: 19 Sept 2022 03:00GMT
EUR/USD - 1.0014
Although euro's selloff from last Monday's 3-week top at 1.0197 to 0.9945 on Friday suggests correction from September's fresh 20-year bottom at 0.9865 has ended, subsequent rebound to 1.0036 in New York may head back to 1.0055/65 before down, below 0.9990/94 would head to 0.9945/55 but break needed for 0.9905/15.
On the upside, only a daily close above 1.0101/05 would risk stronger gain towards 1.0141 but 1.0197 should hold.
Data to be released later:
New Zealand business NZ PSI.
U.K. market holiday, Japan market holiday, EU construction output.
Canada producer prices and U.S. NAHB housing market index on Monday.
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