AceTraderForex Apr 22: Daily Market Outllook on Major -EUR/USD - Page 29
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  1. #281

    Smile AceTraderFx May 09: Daily Recommendations on Major -EUR/USD

    DAILY MARKET OUTLOOK on Major
    Update Time: 09 May 2017 05:10 GMT

    EUR/USD - 1.0930
    Although euro's decline from a near 6-month peak of 1.1024 to as low as 1.0917 (New York) suggests recent uptrend has made a temporary top and several days of choppy consolidation is in store, near term oversold condition should keep price well above 1.0876 sup and bring rebound later today, however, reckon 1.1000 should cap upside.

    On the downside, only below 1.0876 risk stronger retracement towards next sup at 1.0852 before prospect of a rebound.

    Data to be released today:
    Swiss unemployment rate, Germany industrial output, exports, imports, trade balance, France budget balance, Italy retail sales.
    Canada building permits, U.S. Redbook retail sales, wholesale sales and wholesale inventories.

  2. #282

    Smile AceTraderFx May 09: Daily Recommendations on Major -EUR/USD

    DAILY MARKET OUTLOOK on Major
    Update Time: 10 May 2017 05:45 GMT

    EUR/USD - 1.0894
    Despite extending corrective fall from Monday's fresh near 6-month peak of 1.1024 (New Zealand) to 1.0864 in New York yesterday, as renewed buying above daily sup at 1.0852 has lifted price, consolidation with upside bias is in store, above 1.0931/34 would signal pullback is over and yield subsequent headway to 1.0958 but 1.0996/00 should hold.

    Only a daily below 1.0852 sup aborts recent bullishness on euro and risks stronger retracement to 1.0821, then towards 1.0778 next week.

    Data to be released on Wednesday:
    UK house price, Australia consumer confidence, China PPI, CPI, Japan leading economic indicator, France industrial output, exports, imports, trade balance, current account, Italy industrial output.
    U.S. mortgage applications, import price index and export price index.

  3. #283

    Smile AceTraderFx May 16: Daily Recommendations on Major -EUR/USD

    DAILY MARKET OUTLOOK on Major
    Update Time: 16 May 2017 05:06 GMT

    EUR/USD - 1.0985
    Yesterday's impressive gain to 1.0990 due to broad-based buying in the euro signals early correction from last Monday's 6-month peak at 1.1024 has ended at 1.0840 (Thursday) and price is poised to re-test said temporary top after consolidation, break would encourage for resumption of MT uptrend towards projected target at 1.1067 later this week.

    On the downside, only a daily close below 1.0934 (previous res, now sup) would 'prolong' broad sideways consolidation and risk stronger retracement to 1.0900.

    Data to be released on Tuesday:
    Italy GDP, UK CPI, RPI, PPI input, PPI output, EU GDP, ZEW economic sentiment, Germany ZEW economic sentiment, current conditions.
    U.S. building permits, housing starts, redbook retail sales, industrial output, capacity utilisation and manufacturing output.

  4. #284

    Smile AceTraderFx May 19: Daily Recommendations on Major -EUR/USD

    DAILY MARKET OUTLOOK on Major
    Update Time: 19 May 2017 01:40 GMT

    EUR/USD - 1.1106
    Despite yesterday's stronger-than-expected decline from a fresh 6-month peak made in Asia at 1.1172 to 1.1076 in New York due to broad-based recovery in the usd, subsequent rebound suggests consolidation with upside bias is in store, above 1.1140/45 would signal pullback is over and bring subsequent re-test of 1.1172.

    Only a daily close below 1.1076 would bring stronger correction of recent uptrend and yield weakness towards 1.1024 before prospect of a recovery.

    Data to be released on Friday:

    France unemployment, Germany PPI, EU current account, consumer sentiment, UK CPI trends and Canada retail sales.

  5. #285

    Smile AceTraderFx May 24: Daily Recommendations on Major -EUR/USD

    DAILY MARKET OUTLOOK on Major
    Update Time: 24 May 2017 05:20 GMT

    EUR/USD - 1.1183
    Euro's anticipated decline from Tuesday's fresh 6-month peak of 1.1268 to as low as 1.1176 in New York session due to broad-based short covering in the usd ahead of release of Fed minutes later today signals long-overdue correction of MT uptrend has taken place and 1-2 days of choppy trading with downside bias remains.
    However, near term oversold condition should keep price above 1.1098 sup and bring rebound later this week.

    Only above 1.1248 (New York high) signals pullback is possibly over and risks re-test of 1.1268, however, daily res at 1.1300 is expected to remain intact.

    Data to be released on Wednesday:
    Germany consumer sentiment, Swiss industrial production, Italy trade balance, U.S. monthly home price, existing home sales and Canada BoC rate decision and Fed minutes.

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