AceTraderFx Oct 11: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major
Update Time: 11 Oct 2018 05:30 GMT
EUR/USD - 1.1538
Yesterday's anticipated rise to 1.1545 confirms euro's early decline from September's 3-1/2 month peak at 1.1815 has made a temporary low at Tuesday's fresh 7-week trough at 1.1432 and consolidation with upside bias remains for further headway towards 1.1594 res before prospect of retreat due to near term overbought condition.
Only a daily close below 1.1480 signals said correction has ended, then risk is seen for weakness to 1.1460/64, then re-test of 1.1432 next week.
The G20 FinMins n cenbank governors are in Bali, Indonesia for a 2-day meeting, keep an eye out on comments by G20 officials.
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Update Time: 11 Oct 2018 05:30 GMT
EUR/USD - 1.1538
Yesterday's anticipated rise to 1.1545 confirms euro's early decline from September's 3-1/2 month peak at 1.1815 has made a temporary low at Tuesday's fresh 7-week trough at 1.1432 and consolidation with upside bias remains for further headway towards 1.1594 res before prospect of retreat due to near term overbought condition.
Only a daily close below 1.1480 signals said correction has ended, then risk is seen for weakness to 1.1460/64, then re-test of 1.1432 next week.
The G20 FinMins n cenbank governors are in Bali, Indonesia for a 2-day meeting, keep an eye out on comments by G20 officials.
AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates