AceTraderFx Oct 27: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major
Update Time: 27 Oct 2021 03:00GMT
EUR/USD - 1.1601
Euro's resumption of erratic fall from last Tue's near 3-week high at 1.1669 to 1.1586 (New York) suggests correction from October's 14-month bottom at 1.1525 has possibly ended, a daily close below 1.0572 would bring re-test of 1.1525 later this week.
Only above Tuesday's 1.1625 high 'prolongs' choppy swings and may risk gain to 1.1664/69.
Data to be released on Wednesday:
New Zealand imports, trade balance, exports, NBNZ business outlook, NBNZ own activity, Australia CPI.
U.K. BRC shop price index, Germany Gfk consumer sentiment, Frnace consumer confidence, producer prices, Italy trade balance non-EU, Swiss investor sentiment.
U.S. MBA mortgage application, durable goods, durable ex-transport, durables ex-defense, goods trade balance, wholesale inventories, and Canada BOC 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
Attached Image
Update Time: 27 Oct 2021 03:00GMT
EUR/USD - 1.1601
Euro's resumption of erratic fall from last Tue's near 3-week high at 1.1669 to 1.1586 (New York) suggests correction from October's 14-month bottom at 1.1525 has possibly ended, a daily close below 1.0572 would bring re-test of 1.1525 later this week.
Only above Tuesday's 1.1625 high 'prolongs' choppy swings and may risk gain to 1.1664/69.
Data to be released on Wednesday:
New Zealand imports, trade balance, exports, NBNZ business outlook, NBNZ own activity, Australia CPI.
U.K. BRC shop price index, Germany Gfk consumer sentiment, Frnace consumer confidence, producer prices, Italy trade balance non-EU, Swiss investor sentiment.
U.S. MBA mortgage application, durable goods, durable ex-transport, durables ex-defense, goods trade balance, wholesale inventories, and Canada BOC 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