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  1. #1
    AceTraderFX is offline Senior Member
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    Smile AceTraderFx Feb 25: Daily Market Outlook on Major - EUR/USD

    DAILY MARKET OUTLOOK EUR/USD - 1.3736
    Update Time: 25 Feb 2014 01:22 GMT

    Despite yesterday's sharp retreat from 1.3772 to 1.3708 due to negative deposit rate comments from ECB's Visco, subsequent recovery to 1.3748 in New York morning suggests consolidation with upside bias would be seen, however, above resistance at 1.3772/73 is needed to confirm erratic up move from February's low at 1.3477 has resumed and extend gain towards 1.3800, then 1.3819.

    On the downside, only a daily close below 1.3685 would abort intra-day bullishness and risk stronger retracement of aforesaid rise towards 1.3657.

  2. #2
    AceTraderFX is offline Senior Member
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    Smile AceTraderFx Mar 10: Daily Market Outlook on Major - EUR/USD

    DAILY MARKET OUTLOOK EUR/USD - 1.3887
    Update Time: 10 Mar 2014 01:05 GMT

    Although price has rebounded after sharp retreat from last Friday's fresh 2-year peak at 1.3915 to 1.3853 and minor consolidation would be seen in Asia today, as aforesaid move signals a temporary top has been made there, outlook remains mildly bearish for a stronger retracement to 1.3795/00. However, sharp fall below there is unlikely to be seen and support at 1.3776 would hold and yield strong recovery later.

    On the upside, only a daily close above 1.3915 would revive bullishness for further gain to 1.3939, then 1.3950/55 before prospect of a correction.

  3. #3
    AceTraderFX is offline Senior Member
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    Smile AceTraderFx Jun 3: Daily Technical Outlook & Trading Ideals on EUR/USD

    DAILY TECHNICAL OUTLOOK ON EUR/USD
    Last Update At 03 Jun 2014 00:14GMT

    Trend Daily Chart
    Down

    Daily Indicators
    Falling

    21 HR EMA
    1.3605

    55 HR EMA
    1.3612

    Trend Hourly Chart
    Sideways

    Hourly Indicators
    Falling

    13 HR RSI
    38

    14 HR DMI
    -ve

    Daily Analysis
    Consolidation b4 decline resumes

    Resistance
    1.3688 - May 22 high
    1.3669 - Last Tue's high
    1.3650 - Last Fri's high

    Support
    1.3586 - Last Thur's 3-1/2 month low
    1.3563 - Feb 27 low
    1.3518 - 38.2% r 1.2745-1.3995


    . EUR/USD - 1.3594... Euro remained under pressure on Mon due to growing speculation ECB will loosen policy at its meeting Thur, price retreated fm 1.3643 (AUS) to 1.3594 in European morning n then further to 1.3588 in NY afternoon after Germany showed that the annual inflation slowed in May b4 recovering.

    . Looking at the hourly n daily charts, y'day's decline fm 1.3643 to 1.3588 confirms the recovery fm last Thur's 3-1/2 month bottom at 1.3586 has ended earlier at 1.3650 last Fri n re-test of said sup is seen, break wud indicate MT uptrend fm 1.2042 (2012 low) has formed a top at May's 2-1/2 year peak at 1.3995 n as daily indicators are falling, price is en route to 1.3249 later this month, this is the 'minimum' 38.2% r of aforesaid entire rise fm 1.2042. However, euro shud hold well abv 1.3105 (Sep 13') n yield strg rebound later.

    . Today, as long as 1.3650 holds, selling euro on recovery for resumption of decline to 1.3540/50 is favoured, however, as hourly oscillators' readings wud display 'bullish convergences' on next decline, reckon 1.3518 (38.2% r of intermediate rise of 1.2745-1.3995) shud remain intact. Only abv 1.3650wud indicate a temporary low is in place n risk retracement to 1.3384/88 b4 down.


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