AceTraderFx Aug 22: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major
Update Time: 22 Aug 2022 03:00GMT
EUR/USD - 1.0032
Euro's recent decline from August's 1.0368 peak to a 1-month low of 1.0033 in New York last Friday due to broad-based usd's strength in tandem with rally in U.S. yields suggests re-test of July's 20-year bottom at 0.9953 would be seen later today or tomorrow before prospect of minor recovery.
On the upside, only a daily close abovw 1.0095 would risk retracement towards 1.0123.
Data to be released today :
U.S. national activity index and Canada new housing price 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 update
DAILY MARKET OUTLOOK on Major
Update Time: 22 Aug 2022 03:00GMT
EUR/USD - 1.0032
Euro's recent decline from August's 1.0368 peak to a 1-month low of 1.0033 in New York last Friday due to broad-based usd's strength in tandem with rally in U.S. yields suggests re-test of July's 20-year bottom at 0.9953 would be seen later today or tomorrow before prospect of minor recovery.
On the upside, only a daily close abovw 1.0095 would risk retracement towards 1.0123.
Data to be released today :
U.S. national activity index and Canada new housing price 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 update