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Technical Analysis
AceTraderFx : Daily Recommendations on Major
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[QUOTE="AceTRaderForex, post: 109926, member: 22847"] [B]AceTraderFx Sept 19: Daily Recommendations on Major -EUR/USD [IMG]http://www.trendsetterfx.com/image/common/flag/flag_eur.gif [/IMG] DAILY MARKET OUTLOOK on Major EUR/USD[/B] Update Time: [B]19 Sep 2016[/B] [I]6:10 GMT[/I] EUR/USD - 1.1161 Euro's intra-day selloff in Friday's New York morning after slightly higher-than-expected U.S. inflation data and then break of 1.1199 sup (now res) signals a downside break of the near 1-week choppy sideways range trading has taken place and re-test of daily key sup at 1.1123 would be seen after consolidation, break would extend early decline from August's high at 1.1327 towards 1.1084/85. Only a daily close above 1.1199 would defer present bearish scenario on euro but 1.1250/53 should cap upside. [/QUOTE]
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