AceTraderFx Sept 21: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major
Update Time: 21 Sept 2022 03:00GMT
EUR/USD - 0.9967
Although euro's decline from September's 1.0197 high suggests correction from September's fresh 20-year 0.9865 low has possibly ended, subsequent bounce from 0.9945 to 1.0036 Friday would bring choppy swings, yesterday's fall from 1.0050 to 0.9956 has retained bearishness and below 0.9945 would head
towards 0.9901.
On the upside, only a daily close above 1.001/23 would risk stronger gain towards 1.0050.
Data to be released on Wednesday:
Australia Westpac leading index.
U.K. PSNB, PSNCR, CBI trends orders.
U.S. MBA mortgage application, existing home sales and Fed interest rate decision.
AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time update
DAILY MARKET OUTLOOK on Major
Update Time: 21 Sept 2022 03:00GMT
EUR/USD - 0.9967
Although euro's decline from September's 1.0197 high suggests correction from September's fresh 20-year 0.9865 low has possibly ended, subsequent bounce from 0.9945 to 1.0036 Friday would bring choppy swings, yesterday's fall from 1.0050 to 0.9956 has retained bearishness and below 0.9945 would head
towards 0.9901.
On the upside, only a daily close above 1.001/23 would risk stronger gain towards 1.0050.
Data to be released on Wednesday:
Australia Westpac leading index.
U.K. PSNB, PSNCR, CBI trends orders.
U.S. MBA mortgage application, existing home sales and Fed interest rate decision.
AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time update