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Technical Analysis
AceTraderFx : Daily Recommendations on Major
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[QUOTE="AceTRaderForex, post: 170482, member: 22847"] [B]AceTraderFx Sept 26: 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] 26 Sept 2019[/B] [I]03:30GMT[/I] EUR/USD - 1.0953 Euro's weakness to 1.0938 on Wednesday due to renewed usd's strength vs its G7 peers suggests correction from September's fresh 27-month bottom at 1.0927 has ended earlier at 1.0109 and re-test of said 2019 low is envisaged, break there would extend recent downtrend towards next projected target at 1.0865 next week. On the upside, only above 1.1000 'prolongs' recent daily wild swings, risks another rise to 1.1024/25, break there needed to turn outlook bullish for stronger gain to 1.1055/65. [B]Data to be released on Thursday:[/B] Germany GfK consumer sentiment, Italy trade balance, U.S. GDP, GDP deflator, core PCE, PCE prices, good trade balance, wholesale inventories, initial jobless claims, pending home sales, KC Fed manufacturing and Canada average weekly earning. [/QUOTE]
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