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AceTraderforex : Daily Market Outlook on Majors EUR/USD
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acetraderforex
post Aug 12, 2013, 09:35 AM
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post Aug 12, 2013, 09:35 AM
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DAILY EUR/USD OUTLOOK - 1.3325
12 Aug 2013 07:05GMT

Despite extending upmove fm Jul's low at 1.2755
to a 7-week high of 1.3401 Thur, euro's weakness to
1.3315 (NZ) today signals a temporary top is made n
downside bias remains for a minor retracement to
1.3285, reckon sup 1.3266 wud hold n bring rebound.

Sell on recovery n only abv key res at 1.3417
wud extend MT rise fm 1.2745 (Apr) to 1.3445.

STRATEGY : Sell at 1.3360

OBJECTIVE : 1.3285

STOP-LOSS : 1.3403

RES : 1.3401/1.3417/1.3445

SUP : 1.3315/1.3291/1.3266
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acetraderforex
post Sep 19, 2013, 09:39 AM
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post Sep 19, 2013, 09:39 AM
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AceTraderForex Sept 19: DAILY EUR/USD OUTLOOK

DAILY EUR/USD OUTLOOK - 1.3547
19 Sep 2013
08:06GMT

Y'day's rally abv 1.3453 (now sup) to as high as 1.3543 confirms erratic upmove fm Apr's low at 1.27
45 has resumed n further gain to 1.3580 is likely, however, o/bot condition shud cap price at 1.3620 n
yield a much-needed correction later.

Hold long with stop as indicated n only below 1.3453 wud risk stronger pullback to 1.3417.

STRATEGY : Hold long

POSITION : Long at 1.3510

OBJECTIVE : 1.3580

STOP-LOSS : 1.3500

RES : 1.3543/1.3580/1.3620

SUP : 1.3492/1.3453/1.3417
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Mr. T
post Sep 24, 2013, 02:21 PM
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post Sep 24, 2013, 02:21 PM
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Thanks for the tip. Will give a shot on that! Keep posting.
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acetraderforex
post Aug 28, 2014, 03:42 AM
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post Aug 28, 2014, 03:42 AM
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smile.gif AceTraderFx Aug 28: Daily Market Outllook 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.
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acetraderforex
post Sep 1, 2014, 03:34 AM
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post Sep 1, 2014, 03:34 AM
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smile.gif AceTraderFx 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.
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acetraderforex
post Sep 12, 2014, 03:29 AM
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post Sep 12, 2014, 03:29 AM
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smile.gif AceTraderFx 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.
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acetraderforex
post Sep 22, 2014, 03:14 AM
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post Sep 22, 2014, 03:14 AM
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smile.gif AceTraderFx 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.
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acetraderforex
post Feb 26, 2015, 04:44 AM
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post Feb 26, 2015, 04:44 AM
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smile.gif AceTraderFx Feb 26: Daily Market Outlook on Major - EUR/USD


DAILY MARKET OUTLOOK
Update Time: 26 Feb 2015 02:35 GMT

EUR/USD - 1.1365
The single currency rebounded fm Tuesday's low at 1.1289 to 1.1388 on Wednesday on short-covering, suggesting further choppy trading inside recent established broad range of 1.1543-1.1270 would be seen with neutral bias.
Above 1.1400 may bring gain to 1.1450, however, resistance at 1.1499 should cap upside.

On the downside, a breach of key daily support at 1.1270 would confirm the corrective rise from Jan's 11-year trough at 1.1098 has indeed ended at 1.1534 and yield retreat to 1.1224 and then 1.1200.
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acetraderforex
post Mar 16, 2015, 03:35 AM
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post Mar 16, 2015, 03:35 AM
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smile.gif AceTraderFx Mar 16: Daily Recommendations on Major -EUR/USD


DAILY MARKET OUTLOOK ON MAJOR EUR/USD

Update Time: 16 Mar 2015 01:20 GMT
EUR/USD - 1.0515

Despite euro's intra-day fall below Friday's fresh 12-year trough at 1.0462 to 1.0457 (Reuters) in New Zealand, subsequent intra-day rebound suggests choppy trading would be seen in Asia.
However, reckon 1.0566 (previous sup, now resistance) would cap upside and bearishness remains for another decline later, below 1.0457 would extend weakness to 1.0436 and then 1.0400.

On the upside, only a daily close above 1.0636 would indicate a temporary low is made and yield retracement towards 1.0684 (last Thursday's high).
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acetraderforex
post Mar 18, 2015, 02:47 AM
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post Mar 18, 2015, 02:47 AM
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smile.gif AceTraderFx Mar 18: Daily Recommendations on Major -EUR/USD



DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 18 Mar 2015 00:57 GMT

EUR/USD - 1.0606

Despite euro's rally from Monday's fresh 12-year trough at 1.0457 to as high as 1.0651 yesterday, subsequent intra-day retreat to 1.0584 in New York suggests 1st leg of correction has ended there and choppy trading with mild downside bias remains.
Below 1.0584 would bring weakness to 1.0551 (yesterday's low in Asia) but support at 1.0498 should remain intact.

On the upside, only above 1.0651 would yield stronger retracement of recent strong downtrend to 1.0684 but reckon resistance at 1.0717 would remain intact.
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acetraderforex
post Mar 20, 2015, 02:59 AM
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post Mar 20, 2015, 02:59 AM
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smile.gif AceTraderFx Mar 20: Daily Recommendations on Major -EUR/USD


DAILY MARKET OUTLOOK on Major EUR/USD

Update Time: 20 Mar 2015 00:48 GMT

EUR/USD - 1.0663

Despite euro's rally from 1.0580 to as high as 1.1062 Wednesday, renewed broad-based strength in greenback pressured price sharply from there and the single currency tumbled to 1.0613 in yesterday New York.
This is suggesting the said correction has ended and choppy trading with downside bias would be seen.

Looking ahead, a daily close below 1.0551 support would confirm this view and bring re-test of the said temporary low later this month.

On the upside, only above 1.0820 (previous support) would prolong choppy trading but reckon resistance at 1.0920 would remain intact.
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acetraderforex
post Mar 23, 2015, 02:36 AM
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post Mar 23, 2015, 02:36 AM
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smile.gif AceTraderFx Mar 23: Daily Recommendations on Major -EUR/USD


DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 23 Mar 2015 01:06 GMT
EUR/USD - 1.0815

Euro's rally from last Thursday's low at 1.0613 to as high as 1.0882 last Friday signals correction from last Wednesday fresh 2-week peak at 1.1062 has ended there earlier and consolidation with upside bias remains.
A daily close above 1.0920 would encourage for gain towards 1.1000 but said temporary is likely to hold this week.

Looking ahead, only above 1.1062 would extend erratic up move from last Monday's fresh 12-year trough at 1.0457 towards 1.1140/50.

On the downside, below 1.0695 would prolong choppy trading but above mentioned support at 1.0613 should remain intact.
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acetraderforex
post Mar 24, 2015, 03:15 AM
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post Mar 24, 2015, 03:15 AM
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smile.gif AceTraderFx Mar 24: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 24 Mar 2015 01:12 GMT

EUR/USD - 1.0936

Euro's rally from last Thursday's low at 1.0613 to as high as 1.0972 yesterday signals correction from last Wednesday fresh 2-week peak at 1.1062 has ended there earlier and consolidation with upside bias remains.
Looking ahead, above 1.1062 is needed to extend erratic up move from last Monday's fresh 12-year trough at 1.0457 towards 1.1140/50.

On the downside, below 1.0882 (Friday's high, now support) would prolong choppy trading but reckon 1.0834 would contain pullback.
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acetraderforex
post Mar 25, 2015, 03:10 AM
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post Mar 25, 2015, 03:10 AM
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smile.gif AceTraderFx Mar 25: Daily Recommendations on Major -EUR/USD


DAILY MARKET OUTLOOK EUR/USD

Update Time: 25 Mar 2015 01:11 GMT

Although euro's rally from last Thursday's low at 1.0613 to as high as 1.1029 yesterday signals correction from last Wednesday fresh 2-week peak at 1.1062 has ended there earlier, subsequent intra-day sell off to 1.0891 in New York suggests further choppy trading would be seen and near term downside bias is seen for weakness towards 1.0820/30.
However, reckon sup at 1.0767 would hold and bring rebound later.

Looking ahead, above 1.1062 is needed to extend erratic upmove from last Monday's fresh 12-year trough at 1.0457 towards 1.1140/50.
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acetraderforex
post Mar 26, 2015, 03:01 AM
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post Mar 26, 2015, 03:01 AM
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smile.gif AceTraderFx Mar 26: Daily Recommendations on Major -EUR/USD


DAILY MARKET OUTLOOK on Major EUR/USD

Update Time: 26 Mar 2015 01:13 GMT

Although euro's rally from last Thursday's low at 1.0613 to as high as 1.1029 Tuesday signals correction from last Wednesday fresh 2-week peak at 1.1062 has ended there earlier and despite subsequent sell off to 1.0891.
Yesterday's rebound to 1.1014 suggests consolidation with upside bias remains but only above 1.1062 would extend erratic upmove from last Monday's fresh 12-year trough at 1.0457 towards 1.1140/50.

Below 1.0890 would indicate a temporary top is made and shift risk to downside for weakness to 1.0834 but support at 1.0767 should remain intact.
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acetraderforex
post Mar 27, 2015, 03:06 AM
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post Mar 27, 2015, 03:06 AM
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smile.gif AceTraderFx Mar 27: Daily Recommendations on Major -EUR/USD


DAILY MARKET OUTLOOK on Major EUR/USD

Update Time: 27 Mar 2015 01:05 GMT

Despite euro's rally to 1.1052 in Europe yesterday, price retreat after being capped below last Wednesday's post-FOMC high at 1.1062 and then tumbled to 1.0856 in New York.
This suggests further choppy trading inside recent broad range of 1.1062-1.0613 would continue and consolidation with downside bias is seen for weakness towards 1.0830/40 before prospect of a rebound.

On the upside, only above 1.0940/50 would indicate a low is possibly made and bring gain towards 1.1000.
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acetraderforex
post Apr 2, 2015, 02:42 AM
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post Apr 2, 2015, 02:42 AM
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smile.gif AceTraderFx Apr2: Daily Recommendations on Major -EUR/USD


DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 02 Apr 2015 01:12 GMT

EUR/USD - 1.0757

Euro's sell off from last Thursday's high of 1.1052 to as low as 1.0713 Tuesday due to worries over Greece debts signals price would continue to gyrate inside early established broad range of 1.1062-1.0613.

Despite yesterday's intra-day rebound to 1.0800, reckon 1.0845 would limit upside and yield another decline later, below 1.0713 would extend weakness to 1.0695 but near term loss of momentum should keep price above support at 1.0656 today.

On the upside, only a daily close above 1.0845 would confirm a low is made and yield gain towards 1.0900 before prospect of a retreat.
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acetraderforex
post Apr 9, 2015, 02:43 AM
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post Apr 9, 2015, 02:43 AM
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smile.gif AceTraderFx Apr 9: Daily Recommendations on Major -EUR/USD


DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 09 Apr 2015 01:03 GMT

EUR/USD - 1.0765

Yesterday's breach of Tuesday's low at 1.0803 to 1.0763 signals price would continue to gyrate inside early broad range of 1.1062-1.0613 and downside bias is seen for decline from Monday's high of 1.1036 to pressure price to 1.0713 before rebound occurs due to near term loss of momentum.

On the upside, only a move above 1.0887 (yesterday's high) would indicate a low made and bring gain towards resistance at 1.0955.
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acetraderforex
post Apr 13, 2015, 03:01 AM
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post Apr 13, 2015, 03:01 AM
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smile.gif AceTraderFx Apr 13: Daily Recommendations on Major -EUR/USD


DAILY MARKET OUTLOOK on Major EUR/USD

Update Time: 13 Apr 2015 01:13 GMT

EUR/USD - 1.0612
Euro's breach of previous key support at 1.0613 to 1.0567 last Friday signals correction from March's 12-year trough at 1.0457 has ended earlier at 1.1062 and consolidation with downside bias remains for further weakness to 1.0500/10, then 1.0457 later this week.

On the upside, only a move back above 1.0713 (previous support) would indicate a temporary low is made and shift risk to upside for gain towards 1.0778/89.
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acetraderforex
post Apr 14, 2015, 03:09 AM
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post Apr 14, 2015, 03:09 AM
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smile.gif AceTraderFx Apr 14: Daily Recommendations on Major -EUR/USD


DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 14 Apr 2015 01:12 GMT

Although euro's breach of previous key support at 1.0613 to 1.0567 last Friday and then 1.0521 in Europe yesterday signals correction from March's 12-year trough at 1.0457 has ended earlier at 1.1062.
Subsequent intra-day rebound to 1.0610 in New York suggests choppy consolidation would be seen before another decline to take place later this week.

Above 1.0610 would bring stronger gain to 1.0635 and then 1.0655/65 but 1.0684 resistance should cap upside.
On the downside, below 1.0521 would retain bearishness for a re-test of aforesaid low at 1.0457.
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