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Technical Analysis
AceTraderFx : Daily Recommendations on Major
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[QUOTE="AceTRaderForex, post: 144303, member: 22847"] [B]AceTraderFx Mar 07: Daily Recommendations on Major -EUR/USD[/B] [IMG]https://www.forexfactory.com/attachment.php?attachmentid=2705592&stc=1&d=1520394690[/IMG] [B]DAILY MARKET OUTLOOK on Major [/B] Update Time: [B]01 Mar 2018[/B] [I]06:30 GMT[/I] EUR/USD - 1.2411 Euro's intra-day brief rise above Tuesday's 1.2420 high on broad-based usd's weakness following news of resignation of U.S. top economic advisor Cohn suggests upmove from last Thursday's 7-week trough at 1.2155 would resume after consolidation. However, near term loss of upward momentum is likely to prevent strong gain and 1.2475/80 may cap upside. On the downside, below 1.2365 would be the 1st signal aforesaid rise has made a temp. top and risk stronger retracement to 1.2323/29 sup area before prospect of rebound. At 12:15GMT, the Chairman of EU leaders Donald Tusk will present draft guidelines on what the bloc would likely to see in a trade agreement with the U.K. after Britain leaves in 2019. Cable and eur/gbp cross will definitely react when he speaks, so pay attention to his statement. [/QUOTE]
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