AceTraderFx Oct 20: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major
Update Time: 20 Oct 2022 03:00GMT
EUR/USD - 0.9767
Although euro's decline from 0.9999 (Oct high) to as low as 0.9632 (Thur) last week signals correction from Sep's 2-decade trough at 0.9537 has ended, subsequent gain to 0.9875 (Tue) would prolong choppy swings, yesterday's fall to 0.9758 would head towards 0.9708, break, 0.9665/70.
On the upside, only a daily close above 0.9808/13 would risk stronger gain to 0.9852, possibly 0.9875.
Data to released on Thursday:
Japan exports, imports, trade balance, Australia employment change, unemployment rate.
Germany producer prices, Swiss exports, imports, trade balance, France business climate, EU current account.
U.S. initial jobless claims, continuing jobless claims, Philly Fed manufacturing index, existing home sales and leading index.
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: 20 Oct 2022 03:00GMT
EUR/USD - 0.9767
Although euro's decline from 0.9999 (Oct high) to as low as 0.9632 (Thur) last week signals correction from Sep's 2-decade trough at 0.9537 has ended, subsequent gain to 0.9875 (Tue) would prolong choppy swings, yesterday's fall to 0.9758 would head towards 0.9708, break, 0.9665/70.
On the upside, only a daily close above 0.9808/13 would risk stronger gain to 0.9852, possibly 0.9875.
Data to released on Thursday:
Japan exports, imports, trade balance, Australia employment change, unemployment rate.
Germany producer prices, Swiss exports, imports, trade balance, France business climate, EU current account.
U.S. initial jobless claims, continuing jobless claims, Philly Fed manufacturing index, existing home sales and leading index.
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