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Technical Analysis
AceTraderFx : Daily Recommendations on Major
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[QUOTE="AceTRaderForex, post: 154646, member: 22847"] [B]AceTraderFx Oct 31: Daily Recommendations on Major -EUR/USD[/B] [B][IMG]https://www.forexfactory.com/attachment.php?attachmentid=3065622&stc=1&d=1540968486[/IMG] [B]DAILY MARKET OUTLOOK on Major [/B][/B] Update Time: 31[B] Oct 2018[/B] 06[I]:30 GMT[/I] EUR/USD - 1.1341 Euro's weakness to 1.1340 in New York Tuesday, then 1.1338 (Australia) today signals early correction from last Friday's 2-month low at 1.1336 has ended on the same day and downside bias remains for decline towards 2018 13-month bottom at 1.1301 (August) after consolidatiion, however, below there needed to retain bearishness for subsequent fall to 1.1240/50. Expect 1.1388 to cap intra-day recover and yield another fall and only above 1.1400 may risk stronger gain to 1.1416/21 but reckon 1.1432 should cap upside. Pay attention to a slew of euro area eco. data which is expected to move price around. Germany will kick off with retail sales, then France's CPI n Italy's unemployment. We also have some ECB officials speaking during European session, plrase refer to our EI section for details. [/QUOTE]
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