AceTraderFx Nov 12: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major
Update Time: 12 Nov 2018 05:30 GMT
EUR/USD - 1.1326
Fri's weakness to 1.1316 due to continued usd's strength following Fed's hawkish hold on Thursday suggests re-test of 2018 13-month bottom at 1.1301 (Aug) would be seen, below 1.1300 would encourage for resumption of Medium Term downtrend towards 1.1444 later this week.
Only above 1.1369 prolongs choppy sideways swings and risks another rise to 1.1392/95, however, reckon 1.1447 should remain intact.
Data to be released later :
France ILO unemployment, and Italy industrial output on Monday.
U.S. markets are closed for Veterans Day holiday and markets in Canada are also closed for Remembrance Day holiday.
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
Attached Image
Update Time: 12 Nov 2018 05:30 GMT
EUR/USD - 1.1326
Fri's weakness to 1.1316 due to continued usd's strength following Fed's hawkish hold on Thursday suggests re-test of 2018 13-month bottom at 1.1301 (Aug) would be seen, below 1.1300 would encourage for resumption of Medium Term downtrend towards 1.1444 later this week.
Only above 1.1369 prolongs choppy sideways swings and risks another rise to 1.1392/95, however, reckon 1.1447 should remain intact.
Data to be released later :
France ILO unemployment, and Italy industrial output on Monday.
U.S. markets are closed for Veterans Day holiday and markets in Canada are also closed for Remembrance Day holiday.
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