AceTraderFx Mar 22: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 22 Mar 2016 02:13 GMT
EUR/USD - 1.1237
Although euro's weakness to 1.1234 yesterday and then intra-day brief break of this level in Asia today suggests recent upmove has made a temporary top at last Thursday's 1-month peak at 1.1343 and further choppy consolidation is in store, as long as sup at 1.1206 holds, bullishness remains for another strong rebound, above 1.1285 would be the 1st signal said pullback is over and yield 1.1307, then later towards 1.1343.
Only a daily close below 1.1206 would risk stronger retracement to 1.1176, however, loss of momentum would keep euro above 1.1140/44 today.
Update Time: 22 Mar 2016 02:13 GMT
EUR/USD - 1.1237
Although euro's weakness to 1.1234 yesterday and then intra-day brief break of this level in Asia today suggests recent upmove has made a temporary top at last Thursday's 1-month peak at 1.1343 and further choppy consolidation is in store, as long as sup at 1.1206 holds, bullishness remains for another strong rebound, above 1.1285 would be the 1st signal said pullback is over and yield 1.1307, then later towards 1.1343.
Only a daily close below 1.1206 would risk stronger retracement to 1.1176, however, loss of momentum would keep euro above 1.1140/44 today.