AceTraderFx Feb 17: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 17 Feb 2016 05:03 GMT
EUR/USD - 1.1142
Despite intra-day anticipated brief break of yesterday's 1.1124 low to 1.1119 at Asian open, as recent decline from last Thursday's 3-1/2 month peak at 1.1377 is losing 'downward momentum', steep fall is not envisaged today and reckon euro's downside would hold well above last week's 1.1086 low and bring subsequent rebound.
On the upside, above 1.1147/52 would be the 1st signal said decline has possibly made a temporary low and bring gain to re-test Tuesday's 1.1193 high, break there would yield stronger retracement to 1.1245/50 later.

Update Time: 17 Feb 2016 05:03 GMT
EUR/USD - 1.1142
Despite intra-day anticipated brief break of yesterday's 1.1124 low to 1.1119 at Asian open, as recent decline from last Thursday's 3-1/2 month peak at 1.1377 is losing 'downward momentum', steep fall is not envisaged today and reckon euro's downside would hold well above last week's 1.1086 low and bring subsequent rebound.
On the upside, above 1.1147/52 would be the 1st signal said decline has possibly made a temporary low and bring gain to re-test Tuesday's 1.1193 high, break there would yield stronger retracement to 1.1245/50 later.
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