[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]17 Aug 2015[/B] [I]01:18 GMT[/I]
[B]EUR/USD - 1.1099[/B]
Despite euro’s sharp sell-off from Wednesday’s high at 1.1214 to 1.1080 on Thursday, subsequent strong rebound suggests the pullback has possibly ended and consolidation with upside bias would be seen, above 1.1189 would add credence to this view and yield resumption of recent erratic uptrend from July’s trough at 1.0808 for a re-test of said high, break would extend towards 1.1250/60 later this week.
On the downside, only below 1.1080 would confirm a temporary top has been made and risk would shift to the downside for a stronger retracement towards 1.1031.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]18 Aug 2015[/B] [I]00:36 GMT[/I]
[B]EUR/USD - 1.1075[/B]
Although yesterday’s intra-day decline from 1.1125 to 1.1059 in NY session confirms euro’s recent erratic rise from July’s bottom at 1.0808 has made a top earlier last week at 1.1214 and as long as said Monday’s high holds, downside bias remains for further weakness.
Near term loss of momentum would prevent steep fall today and minor chart support at 1.1010 is expected to remain intact, yield subsequent rebound.
On the upside, a daily close above 1.1125 would be the 1st signal pullback from 1.1214 has ended and yield stronger gain towards 1.1189.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]19 Aug 2015[/B] [I]01:10 GMT[/I]
[B]EUR/USD - 1.1038[/B]
Although euro’s decline from Monday’s 1.1125 high to 1.1018 yesterday in NY session confirms euro’s recent erratic rise from July’s bottom at 1.0808 has made a top earlier last week at 1.1214 and as long as said Monday’s high holds.
Downside bias remains for further weakness, near term loss of momentum would prevent steep fall today and minor chart support at 1.0960 is expected to remain intact, yield subsequent rebound.
On the upside, a daily close above 1.1125 would be the 1st signal pullback from 1.1214 has ended and yield stronger gain towards 1.1189.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]20 Aug 2015[/B] [I]01:08 GMT[/I]
[B]EUR/USD - 1.1139[/B]
Despite euro’s re-test of Tuesday’s low at 1.1018 yesterday, subsequent rally to 1.1134 in New York afternoon on dollar’s broad-based weakness following the release of dovish FOMC minutes suggests the pullback from last Wednesday’s 1-month high at 1.1214 has ended there and consolidation with upside bias would be seen.
Above resistance at 1.1189 would confirm this view and yield resumption of recent uptrend for a re-test of aforesaid high.
On the downside, only below 1.1018 would confirm a temporary top has been made and risk would shift to the downside for a stronger retracement towards 1.0960.
[B]DAILY MARKET OUTLOOK[/B]
Update Time:[B] 21 Aug 2015[/B][I] 01:51 GMT[/I]
[B]
EUR/USD[/B] - 1.1247
Euro’s rise above last Wednesday’s 1-month high at 1.1214 to 1.1245 yesterday, then intra-day breach of this level on dollar’s broad-based weakness on fading expectations of Federal Reserve rate hike in September suggests consolidation with upside bias remains and further gain towards 1.1279/80 would be seen.
Having said that over bought condition would prevent sharp move beyond there and reckon resistance at 1.1319 would remain intact today and yield a much-needed correction.
On the downside, only below 1.1183 would be the first sign that a temporary top has been made and yield stronger retracement towards 1.1149/50.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]24 Aug 2015[/B] [I]01:09 GMT[/I]
[B]EUR/USD [/B]- 1.1397
As euro continues to trade with a firm undertone after intra-day breach of Friday’s 1-1/2 month peak at 1.1389 as fading expectations of a Federal Reserve rate hike in September triggered broad-based dollar weakness, suggesting consolidation with upside bias remains and further gain towards 1.1440/50 would be seen.
However, near term loss of momentum would prevent strong rise above there and reckon resistance at 1.1467/70 should remain intact and yield correction.
On the downside, only below 1.1307 would indicate a temporary top has been made and risk stronger retracement towards 1.1240/41.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]25 Aug 2015[/B] [I]02:30 GMT[/I]
[B]EUR/USD - 1.1528[/B]
Despite euro’s rally to as high as a fresh 7-month peak at 1.1715 yesterday on dollar’s broad-based sell-off due to the near 600 points fall in Dow Jones Index, subsequent strong retreat suggests a temporary top has been made and consolidation with downside bias would be seen for a stronger retracement towards 1.1499 (previous resistance, now support), then 1.1420 later this week.
However, near term loss of momentum would keep price above 1.1377 and yield a much-needed rebound.
On the upside, only above 1.1622 would indicate aforesaid pullback has ended and turn outlook bullish for a re-test of said top, break would extend gain towards 1.1750/54.
[B]DAILY MARKET OUTLOOK[/B]
Update Time:[B] 26 Aug 2015[/B][I] 01:25 GMT[/I]
[B]EUR/USD - 1.1510[/B]
Despite euro’s rally to as high as a fresh 7-month peak at 1.1715 on Monday on dollar’s broad-based selloff due to the near 600 points fall in Dow Jones Index, subsequent strong retreat suggests a temporary top has been made and consolidation with downside bias would be seen for a stronger retracement towards 1.1348, then 1.1307 later this week.
However, near term loss of momentum would keep price above 1.1377 and yield a much-needed rebound.
On the upside, only above 1.1622 would indicate aforesaid pullback has ended and turn outlook bullish for a re-test of said top, break would extend gain towards 1.1750/54.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]27 Aug 2015[/B] [I]01:17 GMT[/I]
[B]EUR/USD - 1.1325[/B]
Despite euro’s rally to as high as a fresh 7-month peak at 1.1715 on Monday on dollar’s broad-based selloff due to the near 600 points fall in Dow Jones Index, subsequent strong retreat suggests a temporary top has been made and consolidation with downside bias would be seen for a stronger retracement towards 1.1250/60, then 1.1214 later this week.
However, near term loss of momentum would keep price above 1.1377 and yield a much-needed rebound.
On the upside, only above 1.1562 would indicate aforesaid pullback has ended and turn outlook bullish for a re-test of said top, break would extend gain towards 1.1750/54.
[B]DAILY MARKET OUTLOOK [/B]
Update Time: [B]28 Aug 2015[/B] [I]01:10 GMT[/I]
[B]EUR/USD - 1.1241[/B]
Despite euro’s rally to as high as a fresh 7-month peak at 1.1715 on Monday on dollar’s broad-based selloff due to the near 600 points fall in Dow Jones Index, subsequent strong retreat suggests a temporary top has been made and consolidation with downside bias would be seen for a stronger retracement towards 1.1250/60, then 1.1214 later this week.
However, near term loss of momentum would keep price above 1.1177 and yield a much-needed rebound.
On the upside, only above 1.1562 would indicate aforesaid pullback has ended and turn outlook bullish for a re-test of said top, break would extend gain towards 1.1750/54.
AceTraderFx Sept 4: Daily Recommendations on Major -EUR/USD
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]04 Sep 2015[/B] [I]01:17 GMT[/I]
[B]EUR/USD - 1.1129[/B]
Despite euro’s rebound from last Friday’s low at 1.1156 to 1.1332 on Tuesday, subsequent retreat ahead of ECB’s rate decision today suggests further choppy trading below last Monday’s 7-month peak at 1.1715 would continue with mild downside bias and weakness towards 1.1180 is envisaged, however, said support should hold on first testing and yield recovery later today or tomorrow.
On the upside, only above 1.1332 would confirm aforesaid correction has ended and turn outlook bullish for a stronger retracement towards 1.1396/00.e abovementioned pullback has ended and turn outlook bullish for a re-test of 121.74.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]07 Sep 2015[/B] [I]01:29 GMT[/I]
[B]EUR/USD - 1.1160[/B]
Despite the greenback’s rally to 121.74 last Friday, intra-day sharp retreat suggests the 1st leg of correction from last Monday’s low at 116.15 has possibly ended there and consolidation with downside bias would be seen for weakness towards 118.92.
However, steep fall below there is unlikely to be seen today and reckon aforesaid support should remain intact and yield a rebound later.
On the upside, only above resistance at 120.92 would indicate above mentioned pullback has ended and turn outlook bullish for a re-test of 121.74.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]08 Sep 2015[/B] [I]01:22 GMT[/I]
[B]EUR/USD - 1.1167[/B]
Despite euro’s selloff to 1.1090 in volatile trading session following the release of mixed U.S. jobs report, subsequent rebound suggests further choppy trading above last Thursday’s low at 1.1087 would continue with mild upside bias and above Friday’s high at 1.1191 would extend towards 1.1205/10, however, resistance at 1.1244 should remain intact and bring another retreat later today or tomorrow.
On the downside, only below 1.1087 would revive bearishness for a resumption of recent decline and extend weakness towards 1.1050/52.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]09 Sep 2015[/B] [I]01:43 GMT[/I]
[B]EUR/USD - 1.1192[/B]
Despite euro’s selloff to 1.1090 in volatile trading session following the release of mixed U.S. jobs report, subsequent rebound to 1.1229 yesterday suggests further choppy trading above last Thursday’s low at 1.1087 would continue with mild upside bias and gain towards 1.1239/40 would be seen. However, resistance at 1.1294 should remain intact this week and bring another retreat later.
On the downside, only below 1.1087 would revive bearishness for a resumption of recent decline and extend weakness towards 1.1050/52.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]10 Sep 2015[/B] [I]01:22 GMT[/I]
[B]EUR/USD - 1.1231[/B]
Despite euro’s selloff to 1.1090 following the release of mixed U.S. jobs report, subsequent rebound to 1.1229 on Tuesday, then to 1.1245 today at Asian open suggests further choppy trading above last Thursday’s low at 1.1087 would continue with mild upside bias and gain towards 1.1270/80 would be seen.
However, resistance at 1.1294 should remain intact this week and bring another retreat later.
On the downside, only below 1.1087 would revive bearishness for a resumption of recent decline and extend weakness towards 1.1050/52.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]11 Sep 2015[/B] [I]01:01 GMT[/I]
[B]EUR/USD - 1.1279[/B]
Euro’s rally to 1.1295 yesterday and intra-day breach of this level signals the rise from last Thursday’s trough at 1.1087 to retrace the decline from August’s peak at 1.1715 remains in progress and consolidation with upside bias would be seen for gain towards 1.1300/02, then marginally higher. However, loss of momentum would prevent strong rise above there and reckon resistance at 1.1332 would hold and yield a much-needed correction later.
On the downside, only below 1.1229 (previous resistance, now support) would indicate a temporary top has been made and yield stronger weakness towards 1.1172.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]14 Sep 2015[/B] [I]01:29 GMT[/I]
[B]EUR/USD - 1.1341[/B]
Euro’s rally to 1.1350 last Friday and intra-day breach of this level signals the rise from last Thursday’s trough at 1.1087 to retrace the decline from August’s peak at 1.1715 remains in progress and consolidation with upside bias would be seen for gain towards 1.1360/65, then marginally higher. However, loss of momentum would prevent strong rise above there and reckon resistance at 1.1401 would hold and yield a much-needed correction later.
On the downside, only below 1.1229 (previous resistance, now support) would indicate a temporary top has been made and yield stronger weakness towards 1.1172.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]15 Sep 2015[/B] [I]01:40 GMT[/I]
[B]EUR/USD - 1.1310[/B]
Euro’s rally to 1.1350 last Friday and intra-day breach of this level signals the rise from last Thursday’s trough at 1.1087 to retrace the decline from August’s peak at 1.1715 remains in progress and consolidation with upside bias would be seen for gain towards 1.1360/65, then marginally higher.
However, loss of momentum would prevent strong rise above there and reckon resistance at 1.1401 would hold and yield a much-needed correction later.
On the downside, only below 1.1229 (previous resistance, now support) would indicate a temporary top has been made and yield stronger weakness towards 1.1172.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]16 Sep 2015[/B] [I]01:26 GMT[/I]
[B]EUR/USD - 1.1350[/B]
Euro’s rally to 1.1350 last Friday and then 1.1373 on Monday signals the rise from last Thursday’s trough at 1.1087 to retrace the decline from August’s peak at 1.1715 remains in progress and consolidation with upside bias would be seen for gain towards 1.1360/65, then marginally higher.
However, loss of momentum would prevent strong rise above there and reckon resistance at 1.1401 would hold and yield a much-needed correction later.
On the downside, only below 1.1229 (previous resistance, now support) would indicate a temporary top has been made and yield stronger weakness towards 1.1172.
[B] DAILY MARKET OUTLOOK[/B]
Update Time: [B]17 Sep 2015 [/B][I]02:23 GMT [/I]
[B]EUR/USD - 1.1315[/B]
Euro’s rally to 1.1350 last Friday and then 1.1373 on Monday signals the rise from last Thursday’s trough at 1.1087 to retrace the decline from August’s peak at 1.1715 remains in progress and consolidation with upside bias would be seen for gain towards 1.1360/65, then marginally higher.
However, loss of momentum would prevent strong rise above there and reckon resistance at 1.1401 would hold and yield a much-needed correction later.
On the downside, only below 1.1229 (previous resistance, now support) would indicate a temporary top has been made and yield stronger weakness towards 1.1172.