AceTraderFx Mar 15: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major
Update Time: 15 Mar 2021 03:00GMT
EUR/USD - 1.1955
Despite Friday's initial strong retreat to 1.1911 (Europe), subsequent rebound to 1.1961 in New York on return of risk sentiment suggests sideways swings are in store, above 1.1990 (Thursday high) would extend corrective rise from March's 3-month bottom at 1.1836 to 1.2030/35 later.
On the downside, a daily close below 1.1911 would signal recovery has ended, then outlook would turn bearish for weakness towards 1.1869.
Data to be released today :
Japan machinery orders, tertiary industry activity, China house prices, industrial output, retail sales.
UK Rightmove house price.
Canada housing starts, manufacturing sales, and U.S. New York Fed manufacturing index on Monday.
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 updates
Attached Image
Update Time: 15 Mar 2021 03:00GMT
EUR/USD - 1.1955
Despite Friday's initial strong retreat to 1.1911 (Europe), subsequent rebound to 1.1961 in New York on return of risk sentiment suggests sideways swings are in store, above 1.1990 (Thursday high) would extend corrective rise from March's 3-month bottom at 1.1836 to 1.2030/35 later.
On the downside, a daily close below 1.1911 would signal recovery has ended, then outlook would turn bearish for weakness towards 1.1869.
Data to be released today :
Japan machinery orders, tertiary industry activity, China house prices, industrial output, retail sales.
UK Rightmove house price.
Canada housing starts, manufacturing sales, and U.S. New York Fed manufacturing index on Monday.
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 updates