AceTraderFx Apr 26: Daily Recommendations on Major -EUR/USD
Update Time: 26 Apr 2016 03:08 GMT
EUR/USD - 1.1267
Friday's breach of previous week's low at 1.1234 to 1.1218 in New York and then marginal weakness to a fresh 3-week trough at 1.1216 ahead of Asian open yesterday signals erratic decline from April's 5-1/2 month peak at 1.1465 to retrace Medium Term uptrend has resumed and further weakness to next daily chart objective at 1.1144 is seen after consolidation.
On the upside, only a daily close above 1.1309/10 would indicate a temporary bottom has bee made and yield retracement towards 1.1345/55 but resistance at 1.1399 (last Thursday's high) should cap upside.