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

    Smile AceTraderForex Apr 22: Daily Market Outllook on Major -EUR/USD

    DAILY MARKET OUTLOOK on Major -EUR/USD

    Update Time: 22 Apr 2014 00:52 GMT

    EUR/USD - 1.3791
    Yesterday's anticipated breach of last week's low at 1.3790 to 1.3787 in holiday-thinned New York session confirms recent decline from April's high at 1.3906 has resumed and expect initial consolidation before aforesaid fall pressures euro to 1.3761 (being 61.8% r of the early rise from 1.3672-1.3906), however, loss of downward momentum is likely to keep price above 1.3748 (previous res, now sup).

    On the upside, only a firm rise back above Monday's high at 1.3831 would signal temporary low is in place, however, reckon res at 1.3865 would remain intact.
    Last edited by AceTraderForex; 01-08-2016 at 04:33 AM.

  2. #2

    Smile AceTraderForex Jun 4: Daily Market Outlook on EUR/USD

    DAILY MARKET OUTLOOK on EUR/USD - 1.3605

    Update Time: 04 Jun 2014 06:53 GMT

    The single currency's weakness after last Thursday's fall to a fresh 3-month low at 1.3586 suggests fall from May's 2-1/2 year high at 1.3995 remains in progress and further decline to 1.3560/70 would be seen after consolidation, however, near term loss of momentum would prevent sharp move beyond there and reckon support at 1.3518 should hold and bring a much-needed correction later.

    On the upside, only above 1.3688 would indicate a temporary low has been made and shift risk to the upside for a stronger retracement towards 1.3734.
    Last edited by AceTraderForex; 01-11-2016 at 09:38 PM.

  3. #3

    Smile AceTraderForex Jun 6: Daily Market Outlook on EUR/USD

    Daily Market Outlook on EUR/USD - 1.3659

    Update Time: 06 Jun 2014 01:01GMT

    Despite Thursday's sell off to a near 4-month trough of 1.3503 after ECB's bold stimulus measures, intra-day swift rally due to active short-covering and subsequent strong gain above 1.3650 res to 1.3670 confirms euro's decline from May's near 2-1/2 year peak at 1.3995 has formed a temporary low there and several days of choppy consolidation with upside bias is envisaged.

    As long as 1.3586 (previous sup) holds, further gain to 1.3690/00 is expected later today, however, near term overbought condition should cap euro's upside below res at 1.3734 today.
    Last edited by AceTraderForex; 01-11-2016 at 09:38 PM.

  4. #4

    Smile AceTraderForex Jul 4: Daily Market Outlook on EUR/USD

    DAILY MARKET OUTLOOK EUR/USD - 1.3594

    Update Time: 04 Jul 2014 00:34 GMT

    Euro's intra-day sell off to 1.3596 in New York morning after release of robust U.S. jobs report confirms recent erratic rise from June's near 4-month trough at 1.3503 has made a top earlier at 1.3700 on Tuesday and consolidation with downside bias remains for further weakness to 1.3577, however, anticipated near term oversold condition is expected to keep price above 1.3537/42 and bring subsequent rebound.

    On the upside, only a daily close above 1.3643 (Wed's low, now res) would dampen present bearish scenario on the euro and risk stronger gain toward 1.3664 but 1.3700 should remain intact and yield further 'choppy' trading.
    Last edited by AceTraderForex; 01-11-2016 at 09:38 PM.

  5. #5

    Smile AcetraderForex Jul 16: Daily Outlook on Major EUR/USD

    DAILY MARKET OUTLOOK EUR/USD - 1.3565

    Update Time: 16 Jul 2014 01:21 GMT

    Euro's breach of last Monday's low at 1.3576 to 1.3562 on Tuesday due to broad-based firmness in greenback confirms correction from June's bottom at 1.3503 has ended earlier at 1.3700 in July and as price is currently trading below both 21-hour and 55-hour EMAs, suggesting consolidation with downside bias remains for a re-test of said low later this week.

    On the upside, only a break of 1.3650 would prolong choppy trading above aforesaid low at 1.3503 and may risk another bounce towards 1.3700.
    Last edited by AceTraderForex; 01-13-2016 at 12:20 AM.

  6. #6

    Smile AceTraderFx Aug 20: DAILY MARKET OUTLOOK EUR/USD

    DAILY MARKET OUTLOOK EUR/USD - 1.3307

    Update Time: 20 Aug 2014 03:53 GMT

    Euro came under renewed selling pressure shortly after Asian open on Wed following yesterday's break of previous August's low at 1.3333 to a fresh 9-month trough of 1.3313 in New York morning due to upbeat U.S. housing starts data.

    Although the single currency has hit an intra-day low of 1.3304 in thin Asian trading, below option barrier at 1.3300 needed to extend medium-term downtrend to 1.3270/75 later in the day. On the upside, only a daily close above 1.3333 would signal temporary low is in place and risk stronger recovery to 1.3365/75.
    Last edited by AceTraderForex; 01-11-2016 at 09:38 PM.

  7. #7

    Smile AceTraderForex Aug 28: Daily Trading Ideals on Major EUR/USD

    DAILY MARKET OUTLOOK EUR/USD - 1.3193
    Update Time: 28 Aug 2014 00:36 GMT


    Although euro's rally from yesterday's fresh near 1-year low at 1.3152 (Asia) to 1.3210 in New York signals mid-term downtrend from May's 2-1/2 year peak at 1.3995 has made a temporary low there, reckon 1.3220/24 would limit upside and bearishness remains for further weakness to 1.3120/30 after consolidation.
    However, loss of momentum should keep price above 1.3105 today and risk a 'much-needed' minor correction later.

    On the upside, only a daily close above 1.3220/24 would shift risk to upside for stronger retracement towards 1.3261 but resistance at 1.3296 should remain intact.
    Last edited by AceTraderForex; 01-12-2016 at 11:52 PM.

  8. #8

    Smile AceTraderForex Sept 1: Daily Trading Ideals on EUR/USD

    DAILY MARKET OUTLOOK EUR/USD - 1.3129

    Update Time: 01 Sep 2014 01:00 GMT


    Euro's intra-day breach of last Friday's fresh near 1-year low at 1.3132 after ECB's Coeure's dovish comments on Reuters Saturday signals mid-term downtrend from May's 2-1/2 year peak at 1.3995 has resumed and further weakness to daily objective at 1.3105 and then 1.3060/70 would be seen before correction occurs due to 'loss of momentum'.

    On the upside, only a daily close above 1.3160 would indicate a temporarily low has been made and risk retracement towards 1.3196 but last week top at 1.3221 should remain intact.
    Last edited by AceTraderForex; 01-12-2016 at 11:53 PM.

  9. #9

    Smile AceTrader Sept 12: Daily Outlook on Major EUR/USD

    DAILY MARKET OUTLOOK EUR/USD - 1.2925

    Update Time: 12 Sep 2014 01:04 GMT

    Euro's rebound after Wednesday's retreat from 1.2963 to 1.2883 suggests a few days of consolidation above Tuesday's fresh 14-month trough at 1.2860 would be seen, however, reckon daily res at 1.2990 (last Friday's high) would hold and another decline is envisaged later.

    Below 1.2860 would signal mid-term downtrend from 1.3995 (July) has once again resumed and bring further weakness to 1.2839 and then possibly towards 1.2800. On the upside, only a daily close above 1.2990 would yield stronger retracement to 1.3030/40 before down.
    Last edited by AceTraderForex; 01-12-2016 at 11:53 PM.

  10. #10

    Smile AceTraderForex Sept 22: Daily Outlook on Major EUR/USD

    DAILY MARKET OUTLOOK EUR/USD - 1.2848
    Update Time: 22 Sep 2014 00:54 GMT

    Euro's sell off to a fresh 14-month trough of 1.2829 Friday and then marginally to 1.2826 in Australia today signals mid-term downtrend from May's 2-1/2 year peak at 1.3995 has once again resumed and further weakness to 1.2772 would be seen after consolidation.
    However, 'loss of momentum' should keep price above 1.2745 today and risk correction later.

    On the upside, a daily close above 1.2831 (last Thursday's high) would abort daily bearishness and yield stronger gain to 1.2880/90.
    Last edited by AceTraderForex; 01-12-2016 at 11:53 PM.

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