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Technical Analysis
AceTraderFx : Daily Recommendations on Major
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[QUOTE="AceTRaderForex, post: 109116, member: 22847"] [B]AceTraderFx Sept 6: Daily Recommendations on Major -EUR/USD [/B] [B][IMG]http://www.forexfactory.com/attachment.php?attachmentid=2010769&stc=1&d=1473142274[/IMG] [B]DAILY MARKET OUTLOOK on Major EUR/USD[/B] Update Time: [B]06 Sep 2016[/B] [I]04:10 GMT[/I][/B] EUR/USD - 1.1146 Yesterday's anticipated break of last Friday's 1.1150 low to 1.1140 in holiday-thinned North American session signals euro's correction from last week's low at 1.1123 has ended at 1.1252 and recent decline from August's 1.1366 peak would pressure price to 1.1100/05 after consolidation. However, loss of downward momentum is likely to limit weakness to 1.1085. On the upside, only above Mondays 1.1182 high would 'prolong' choppy consolidation and may risk stronger gain to 1.1205/08 but res at 1.1252 is expected to remain intact. [/QUOTE]
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