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Technical Analysis
AceTraderFx : Daily Recommendations on Major
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[QUOTE="AceTRaderForex, post: 169234, member: 22847"] [B]AceTraderFx Sept 03: Daily Recommendations on Major -EUR/USD [/B] [IMG]http://www.trendsetterfx.com/image/common/flag/flag_eur.gif [/IMG] [B]DAILY MARKET OUTLOOK on Major [/B] Update Time: [B]03 Sept 2019[/B] [I]05:30GMT[/I] EUR/USD - 1.0957 Despite resumption of downtrend marginally to a fresh 27-month trough of 1.0958 in European morning yesterday, near term loss of downward momentum is expected to prevent steep fall and reckon 1.0900/10 would remain intact and bring minor correction before prospect of further decline later. On the upside, only a daily close above 1.1028 (prev. Aug's low, now res) signals temporary low is made and may risk stronger retracement towards 1.1060 before retreat. On the data front, the EU will release July PPI and ECB's nominated President Largarde will speak at 07:00GMT, then ECB's Enria will speak at ECB's Legal Conference at 11:30GMT. [/QUOTE]
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