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Technical Analysis
AceTraderFx : Daily Recommendations on Major
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[QUOTE="AceTRaderForex, post: 100763, member: 22847"] [B]AceTraderFx April 22: Daily Recommendations on Major -EUR/USD [/B] [IMG]http://www.trendsetterfx.com/image/common/flag/flag_eur.gif [/IMG] [B]DAILY MARKET OUTLOOK[/B] Update Time: [B]22 Apr 2016[/B] [I]05:00 GMT[/I] EUR/USD - 1.1298 Eruo's selloff after a brief rally to 1.1398 to as low as 1.1270 in New York session on dovish remarks from ECB's President Mario Draghi signals further choppy trading below last Tuesday's 5-1/2 month peak at 1.1465 would continue with downside bias but only below 1.1234 (reaction low on last Thursday) would indicate MT uptrend is still being retraced and yield further weakness to 1.12113 and then 1.1167 later. On the upside, a move back above 1.1398 would encourage a subsequent re-test of 1.1465 and break would yield further headway towards 1.1512. [/QUOTE]
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