AceTraderFx Apr 1: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 01 Apr 2016 03:37 GMT
EUR/USD - 1.1369
Euro's rally above 2016 peak at 1.1377 (Feburary) to a fresh 4-1/2 month peak at 1.1412 in New York morning signals erratic upmove from January's bottom at 1.0523 has resumed and further gain to 1.1450/60 is envisaged after consolidation.
However, 'loss of momentum' should cap price below 1.1495 (2015 Oct high) today and yield retreat later.
On the downside, only a daily close below support at 1.1310 would indicate a top has been made instead and turn outlook bearishness for subsequent correction towards 1.1220/30.
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Update Time: 01 Apr 2016 03:37 GMT
EUR/USD - 1.1369
Euro's rally above 2016 peak at 1.1377 (Feburary) to a fresh 4-1/2 month peak at 1.1412 in New York morning signals erratic upmove from January's bottom at 1.0523 has resumed and further gain to 1.1450/60 is envisaged after consolidation.
However, 'loss of momentum' should cap price below 1.1495 (2015 Oct high) today and yield retreat later.
On the downside, only a daily close below support at 1.1310 would indicate a top has been made instead and turn outlook bearishness for subsequent correction towards 1.1220/30.
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