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

[B]DAILY MARKET OUTLOOK on Major EUR/USD[/B]
Update Time: [B]19 Jul 2016[/B] [I]01:28 GMT
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EUR/USD - 1.1067
Although yesterday’s rebound from 1.1038 (Europe) to 1.1084 in New York suggests decline from last week’s high at 1.1165 (Thursday) had made a temporary low at 1.1025 on Friday and choppy consolidation is in store, reckon 1.1026/29 would cap upside and bring another fall later today or tomorrow, loss of momentum should prevent steep drop ahead of Thursday’s ECB monetary policy meeting and sup at 1.1002 would contain weakness.

Only above 1.1149 (Friday’s high) may risk re-test of 1.1165 but as price is expected to remain confined inside the 3-week long established range of 1.1190-1.0971, upside would falter below strong res at 1.186/90.

[B]DAILY MARKET OUTLOOK on Major EUR/USD[/B]
Update Time: [B]20 Jul 2016[/B] [I] 01:20 GMT
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EUR/USD - 1.1006
Yesterday’s brief break of July’s 1.1002 low to 1.1000 in New York after upbeat U.S. housing data should pressure euro towards indicated daily pivotal sup at 1.0971, a daily close below this level would confirm early correction from June’s 3-month bottom at 1.0912 has ended, then weakness towards this key sup would be seen later this week.

Expect 1.1050/60 to cap intra-day recovery and yield further weakness, above there would abort present bearish scenario on euro and risk stronger retracement towards 1.1084.

[B] DAILY MARKET OUTLOOK on Major EUR/USD[/B]
Update Time: [B]19 Sep 2016[/B] [I]6:10 GMT[/I]

EUR/USD - 1.1161
Euro’s intra-day selloff in Friday’s New York morning after slightly higher-than-expected U.S. inflation data and then break of 1.1199 sup (now res) signals a downside break of the near 1-week choppy sideways range trading has taken place and re-test of daily key sup at 1.1123 would be seen after consolidation, break would extend early decline from August’s high at 1.1327 towards 1.1084/85.

Only a daily close above 1.1199 would defer present bearish scenario on euro but 1.1250/53 should cap upside.

AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates

[B]DAILY MARKET OUTLOOK on Major EUR/USD[/B]
Update Time: [B]29 Sep 2016 [/B][I]04:07 GMT[/I]

EUR/USD - 1.1227
Despite euro’s roller-coaster moves after staging a rebound from yesterday’s 1.1182 low (Europe) to 1.1237, intra-day firmness suggests pullback from Monday’s 1.1279 high has ended and outlook remains supportive for near term rise from last Wednesday’s 5-week trough at 1.1121 to head to 1.1300 after consolidation.
However, ‘loss of upward momentum’ should cap price below daily res at 1.1327 today and risk has increased for a stronger correction to take place later.

On the downside, only below 1.1182 aborts present bullish scenario on euro and may yield weakness to 1.1149/50 but 1.1121 low should remain intact.

AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates

Intra-Day Market Moving News and Views
02 Nov 2016
02:04GMT

EUR/USD - … Euro stands tall in subdued Asian trading on Wednesday after rallying above last week’s 1.0992 high to a near 3-week peak of 1.1069.
Intra-day rise began shortly after European open on broad-based euro buying, this move resulted in general usd’s weakness, upmove accelerated above 1.1000/05 res area was firmly breached, price climbed to 1.1034 and later hit session highs of 1.1069 in New York afternoon as U.S. stocks fell sharply before recovering towards the close.

Yesterday’s daily close above 1.1040 res bodes well for euro to make further gains in coming days, at least until release of key U.S. jobs data on Friday, so buying the single currency on pullback is the way to go.
Bids have been raised to 1.1050-40 and more below with stops below 1.1000.
Some stops are noted at 1.1070/75 with selling interest at 1.1090/00 and more stops are touted above 1.1105.

Today is PMI day in the EZ with Italy releasing mfg PMI, folowed by France, then Germany and later EU

[B]DAILY MARKET OUTLOOK[/B]

Update Time: [B]29 Nov 2016[/B] [I]01:28 GMT
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EUR/USD - 1.0605
Although yesterday’s initial rally above last week’s high at 1.0658 to 1.0686 on short-covering in euro confirms recent downtrend has made a temporary bottom at last Thursday’s 20-month trough at 1.0518, subsequent sharp retreat to as low as 1.0564 in New York and then intra-day bounce to 1.0622 ahead of Asian open today suggests choppy price swings would be seen.

As long as 1.0658 holds, consolidation with mild downside bias remains, below 1.0564 would extend marginal weakness but 1.0518 should remain intact. Above 1.0686 would risk stronger correction to 1.0705/09 but res at 1.0746 should cap upside.

[B]DAILY MARKET OUTLOOK[/B]
Update Time:[B] 06 Dec 2016[/B] [I]02:02 GMT[/I]

EUR/USD - 1.0761
Despite yesterday’s initial selloff ahead of Asian open to a fresh 20-month bottom of 1.0505, subsequent intra-day rally to 1.0730 in European morning, then later to session highs of 1.0796 in New York confirms medium-term downtrend has made a temporary low there and consolidation with upside bias remains for marginal gain, near term loss of momentum should cap price below 1.0851 (Oct’s low, now res).

On the downside, expect 1.0715/20 to contain pullback and yield marginal rise, only below 1.0680/90 signals 1st leg of correction is over and yields stronger retracement to 1.0625/30 before prospect of another rise later this week

AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates

[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]12 Dec 2016[/B] [I]01:27 GMT[/I]

EUR/USD - 1.0548
Although euro’s decline from 1.0875 last Thursday to 1.0531 on Friday confirms early correction from week’s 20-month bottom at 1.0505 (Monday) has ended there.
Intra-day minor recovery in Asia should bring consolidation with near term upside bias, above 1.0589 would yield stronger retracement towards 1.0630 before prospect of another fall later today or tomorrow.

On the downside, only below 1.0500/05 needed to extend medium-term downtrend towards key sup at 1.0457 (2015 trough) later this week.

AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates

DAILY MARKET OUTLOOK
Update Time:[B] 21 Dec 2016[/B] [I]05:09 GMT[/I]

EUR/USD - 1.0383
Although euro’s anticipated rebound rebound from Tuesday’s fresh 13-year trough at 1.0352 to 1.0407 (New York) suggests recent downtrend has made a temporary low there and consolidation is in store in Asia, above 1.0418 needed to retain near term upside bias for stronger retracement but reckon res at 1.0480 would remain intact and yield another fall next week.

On the downside, below 1.0352 would risk marginal weakness, however, loss of downward momentum should keep price well above option refence at 1.0300.

[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]28 Dec 2016[/B] [I]02:00GMT[/I]

EUR/USD - 1.0468
Euro’s daily swings in holiday-thinned Monday and Tuesday sessions following early retreat from last week’s high of 1.0499 (Thursday) to 1.0427 on Friday are expected to continue and below 1.0427 sup would confirm upmove from December’s 13-year bottom at 1.0352 has made a temporary top and yield subsequent weakness to 1.0400/05 but reckon 1.0383/89 sup area would hold.

On the upside, above 1.0499 would risk stronger correction of recent decline to 1.0526, loss of momentum is likely to cap price at 1.0550/55.

AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates

[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]29 Dec 2016[/B] [I]01:27 GMT[/I]

EUR/USD - 1.0431
Although yesterday’s selloff from 1.0480 to as low as 1.0372 suggests euro’s correction from last Tuesday’s fresh 15- year trough at 1.0352 has ended at 1.0499 (Thursday), subsequent rebound and then intra-day rise above 1.0427 (previous sup, now res) in Asia suggests further volatile swings ‘inside’ indicated broad range would continue.

Only above 1.0499 would bring stronger retracement of recent downtrend towards 1.0552 whilst below 1.0372 would yield re-test of 1.0352, then 1.0330/35.

[B]DAILY MARKET OUTLOOK EUR/USD[/B]
Update Time: [B]03 Jan 2017[/B] [I]01:50 GMT[/I]

EUR/USD - 1.0476
Yesterday’s intra-day decline in holiday-thinned Monday’s session from 1.0532 (Asia) to 1.0451 suggests euro’s correction from December’s fresh 13-year bottom at 1.0352 has ended last Friday at 1.0655 and consolidation with downside bias remains for subsequent weakness to 1.0400/05, reckon pivotal sup at 1.0372 (last week’s low) would remain intact.

On the upside, only above said yesterday’s 1.0532 high aborts present bearish scenario on euro and may risk subsequent gain to 1.0580/90.

[B]DAILY MARKET OUTLOOK on Major [/B]
Update Time: [B]04 Jan 2017[/B] [I]02:10 GMT[/I]

EUR/USD - 1.0400
Despite yesterday’s intra-day selloff from 1.0490 at European open and then a brief break of Dec’s 13-year trough of 1.0352 to 1.0341 in New York morning after upbeat U.S. data, subsequent strong bounce to 1.0433 due to broad-based profit taking in usd suggests a temporary low has been made and consolidation is in store.

Above 1.0451 (Monday’s low, now res) would bring stronger correction to 1.0480/90 whilst below 1.0341 would yield marginal weakness.
However, loss of downward momentum should keep price above 1.0300 today.

[B]DAILY MARKET OUTLOOK on Major [/B]
Update Time: [B]09 Jan 2017[/B] [I]02:05 GMT[/I]

EUR/USD - 1.0533
Euro’s strong retreat in post-NFP New York session from 1.0622 to as low as 1.0525 confirms first leg of correction from last Tuesday’s near 14-year trough at 1.0341 has ended there and 1-2 days of consolidation with downside bias remains for weakness to 1.0481/83, however, reckon 1.0433 (previous res, now sup) would contain downside and yield another rebound.

On the upside, only above 1.0575/85 suggests pullback is possibly over and risks re-test of 1.0622 later.

Data to be released today:

Japan market holiday, Australia building approvals, China CPI, PPI, Germany industrial production, trade balance, current account, exports, imports, Swiss retail sales, UK Halifax house price, Italy unemployment rate, EU sentix index and unemployment rate.

[B]DAILY MARKET OUTLOOK on Major [/B]
Update Time: [B]10 Jan 2017[/B] [I]03:10 GMT[/I]

EUR/USD - 1.0587
Although euro’s strong rebound from 1.0511 yesterday signals pullback from 1.0622 (Friday) has ended there and consolidation with upside bias is seen, above said res is needed to extend near term upmove from last Tuesday’s near 14-year bottom at 1.0341 towards December’s 1.0655 high, loss of upward momentum should cap euro at 1.0680/85.

On the downside, only below 1.0511 dampens bullish bias on euro and risks stronger retracement to 1.0481/83 before of another rise later this week.

[B]DAILY MARKET OUTLOOK on Major [/B]
Update Time:[B] 11 Jan 2017 [/B][I]01:24 GMT [/I]

EUR/USD - 1.0557
Despite yesterday’s initial brief break of last Friday’s high at 1.0622 to 1.0627 in Asia, subsequent retreat to 1.0559 in Europe, then 1.0552 in New York afternoon session confirms early erratic rise from last Tuesday’s near 14-year bottom at 1.0341 has indeed made a temporary top and a day of consolidation with near term downside bias is seen, reckon 1.0481/83 would contain weakness and bring subsequent rebound.

On the upside, expect 1.2600/04 to cap intra-day recovery and yield further decline and only above there may risk one more rise twd daily res at 1.2655 before prospect of a correction.

Data to be released today:

Australia consumer sentiment, Japan leading indicator, UK construction output, industrial output, manufacturing output, trade balance and Canada housing starts. President Donald Trump will hold his first press conference in 2017 around 16:00GMT.

[B]DAILY MARKET OUTLOOK on Major [/B]
Update Time: [B]16 Jan 2017[/B] [I]02:12 GMT[/I]

EUR/USD - 1.0612
Euro’s intra-day decline from 1.0673 to 1.0596 in New York on Friday, then initial sterling-led weakness to 1.0595 at New Zealand open today suggests choppy trading below last Thursday’s 1-month peak at 1.0685 would continue.
A firm break of 1.0595/96 sup would bring stronger retracement of recent upmove to 1.0550/55 but previous sup at 1.0511 should contain weakness.

On the upside, above 1.0673 would extend recent rise from 1.0341 (January’s low) towards 1.0700/10 before prospect of a correction due to loss of upward momentum.

Data to be released today:
Japan CGPI, machinery orders, UK house prices, Italy CPI, HICP, EU CPI, core CPI, trade balance and U.S. market holiday on Monday.

[B]DAILY MARKET OUTLOOK on Major [/B]
Update Time: [B]20 Jan 2017[/B] [I]02:19 GMT[/I]

EUR/USD - 1.0672
Although euro’s strong rebound from 1.0589 yesterday signals 1st leg of correction Tuesday’s 5-week peak at 1.0719 has ended and consolidation with upside bias is seen, above 1.0703 needed to signal upmove from January’s near 14-year bottom has once again resumed and extend to 1.0740/50, loss of upward momentum should cap price at 1.0780/85.

On the downside, below 1.0622 would turn outlook bearish for another corrective fall to 1.0550/55.

[B]DAILY MARKET OUTLOOK on Major [/B]
Update Time: [B]23 Jan 2017[/B] [I]02:10 GMT
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EUR/USD - 1.0727
Euro’s rally in post-Trump inauguration New York session and then intra-day break of last week’s (Tuesday) 1.0719 high confirms recent upmove from Jan’s near 14-year bottom at 1.0341 has once again resumed and gain to 1.0740/50 is seen after consolidation, o/bot condition is likely to cap price below 1.0820 today and risk has increased for a correction to take place later.

On the downside, only below 1.0693 (New Zealand low) signals temporary top has been made and may risk stronger retracement to 1.0625/35.

AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates

[B]DAILY MARKET OUTLOOK on Major [/B]
Update Time: [B]24 Jan 2017[/B] [I] 02:16GMT[/I]

EUR/USD - 1.0734.. The euro finally pared recent strong gain and is currently trading just a tad above yesterday's low at 1.0721 as intra-day broad-based usd strength (or some may call it short covering rebound) knocked the single currency from a 6-week high of 1.0775 to 1.0721 in New York session. 

Looks like the 1.0775 high print will remain for a day or do and consolidation is the order of the day. Having said that, current weakness in dlr/yen is likely to prevent the greenback rising vs its other G3 currencies, so one can trade on both sideways of the market.

Offers are noted at 1.0745/55 and more above with stops reported above 1.0775, however, more selling is touted at 1.0800. a mixture of bids and stops is reported at 1.0725/20, more stops are touted below 1.0700.

Euro area countries will release a slew of eco. data strating with France’s business climate, then the important Germany’s Ifo business climate, Italy’s industrial orders and trade balance.