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InstaForex | Forex Forum | Forex world | InstaForex Forum _ Traders' discussions _ AceTraderforex : Daily Market Outlook on Majors EUR/USD
Posted by: acetraderforex Aug 12, 2013, 09:35 AM
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
Posted by: acetraderforex Sep 19, 2013, 09:39 AM
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
Posted by: Mr. T Sep 24, 2013, 02:21 PM
Thanks for the tip. Will give a shot on that! Keep posting.
Posted by: acetraderforex Aug 28, 2014, 03:42 AM
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.
Posted by: acetraderforex Sep 1, 2014, 03:34 AM
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.
Posted by: acetraderforex Sep 12, 2014, 03:29 AM
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.
Posted by: acetraderforex Sep 22, 2014, 03:14 AM
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.
Posted by: acetraderforex Feb 26, 2015, 04:44 AM
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.
Posted by: acetraderforex Mar 16, 2015, 03:35 AM
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).
Posted by: acetraderforex Mar 18, 2015, 02:47 AM
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.
Posted by: acetraderforex Mar 20, 2015, 02:59 AM
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.
Posted by: acetraderforex Mar 23, 2015, 02:36 AM
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.
Posted by: acetraderforex Mar 24, 2015, 03:15 AM
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.
Posted by: acetraderforex Mar 25, 2015, 03:10 AM
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.
Posted by: acetraderforex Mar 26, 2015, 03:01 AM
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.
Posted by: acetraderforex Mar 27, 2015, 03:06 AM
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.
Posted by: acetraderforex Apr 2, 2015, 02:42 AM
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.
Posted by: acetraderforex Apr 9, 2015, 02:43 AM
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.
Posted by: acetraderforex Apr 13, 2015, 03:01 AM
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.
Posted by: acetraderforex Apr 14, 2015, 03:09 AM
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.
Posted by: acetraderforex Apr 15, 2015, 02:57 AM
AceTraderFx Apr 15: Daily Recommendations on Major -EUR/USD DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 15 Apr 2015 01:23 GMT
EUR/USD - 1.0635
Despite euro's rally from 1.0532 to as high as 1.0708 on Tuesday, subsequent retreat suggests the rebound from Monday's near 1-month trough at 1.0521 has possibly ended there and consolidation with downside bias would be seen, a break of 1.0611 (previous resistance) would confirm this view and yield weakness to 1.0558/60, then re-re-test of 1.0521 later.
On the upside, only above 1.0708 would bring stronger retracement of recent erratic decline from March's peak at 1.1062 to 1.0738 and then 1.0778.
Posted by: acetraderforex Apr 16, 2015, 03:07 AM
AceTraderFx Apr 16: Daily Recommendations on Major -EUR/USD DAILY MARKET OUTLOOK on Major EUR/USD
DAILY MARKET OUTLOOK
Update Time: 16 Apr 2015 01:09 GMT
Euro's intra-day breach of Tuesday's high of 1.0708 to 1.0746 shortly after Asian open signals erratic rise from Monday's 4-week trough at 1.0521 has resumed and further gain to 1.0778-1.0789 would be seen.
However, reckon 1.0803 (previous sup, now resistance) would cap upside due to near term loss of momentum and yield retreat later.
On the downside, only a move back below 1.0664 (Wed's NY afternoon sup) would indicate a top is possibly made and shift risk to downside for weakness towards 1.0615/25.
Posted by: acetraderforex Apr 17, 2015, 03:26 AM
AceTraderFx Apr 17: Daily Recommendations on Major -EUR/USD DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 17 Apr 2015 01:20 GMT
EUR/USD - 1.0775
Euro's rally above Wednesdays high of 1.0747 to 1.0818 yesterday signals erratic rise from Monday's 4-week trough at 1.0521 to retrace the entire fall from March's peak at 1.1062 has resumed and further gain to 1.0855 (61.8% r of 1.1062-1.0521) would be seen.
However, near term overbought condition should prevent sharp move beyond there today and risk has increased for a strong retreat later.
On the downside, only a daily close below 1.0685 (yesterday's New York morning support) would indicate a top is possibly made and shift risk to downside for weakness towards 1.0615/25.
Posted by: acetraderforex Apr 20, 2015, 02:59 AM
AceTraderFx Apr 20: Daily Recommendations on Major -EUR/USD DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 20 Apr 2015 01:17 GMT
EUR/USD - 1.0811
Despite euro's retreat after extending last week's upmove from 1.0521 (Monday) to 1.0849 Friday, subsequent rebound from 1.0734 in New York.
This suggests pullback has ended there and consolidation with upside bias remains, above said resistance anytime would bring stronger retracement of decline from March's peak at 1.1062 towards 1.0890/00.
On the downside, only a daily close below 1.0734 would indicate a top is possibly made and shift risk to downside for weakness towards 1.0685 and then 1.0640/50.
Posted by: acetraderforex Apr 21, 2015, 02:37 AM
AceTraderFx Apr 21: Daily Recommendations on Major -EUR/USD DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 21 Apr 2015 01:22 GMT
EUR/USD - 1.0742
Despite euro's retreat after extending erratic rise from last Monday's 4-week trough at 1.0521 to 1.0849 Friday, as this move signals decline from March's peak at 1.1062 has formed a temporary low there, choppy trading with mild upside bias remains.
Reckon 1.0680/85 would contain weakness and yield rebound later.
Above 1.0805 (Monday's top in Europe) signals pullback over and bring another leg of correction to re-test 1.0849, break, 1.0880/90.
Posted by: acetraderforex Sep 7, 2015, 03:13 AM
AceTraderFx Sept 7: Daily Recommendations on Major -EUR/USD DAILY MARKET OUTLOOK
Update Time: 07 Sep 2015 01:29 GMT
EUR/USD - 1.1160
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.
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