AceTraderFx Apr 25: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major
Update Time: 25 Apr 2018 05:30 GMT
EUR/USD - 1.2230
Although euro's rebound from Tuesday's fresh 7-week trough of 1.2182 (Europe) suggests recent decline has made a temporary low, as 1.2245 in New York has checked intra-day gain, bearishness is retained for marginal weakness.
However, loss of downward momentum should keep price well above key sup at 1.2155 (March low) today.
On the upside, a daily close above 1.2250 would confirm recent fall from 1.2414 has made a low, then risk is seen for a stronger retracement to 1.2300/10.
Data to be released on Wednesday:
New Zealand market holiday, Australia market holiday, France consumer confidence, Swiss ZEW investor sentiment, and U.S. MBA mortgage application
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AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates
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Update Time: 25 Apr 2018 05:30 GMT
EUR/USD - 1.2230
Although euro's rebound from Tuesday's fresh 7-week trough of 1.2182 (Europe) suggests recent decline has made a temporary low, as 1.2245 in New York has checked intra-day gain, bearishness is retained for marginal weakness.
However, loss of downward momentum should keep price well above key sup at 1.2155 (March low) today.
On the upside, a daily close above 1.2250 would confirm recent fall from 1.2414 has made a low, then risk is seen for a stronger retracement to 1.2300/10.
Data to be released on Wednesday:
New Zealand market holiday, Australia market holiday, France consumer confidence, Swiss ZEW investor sentiment, and U.S. MBA mortgage application
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