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Technical Analysis
AceTraderFx : Daily Recommendations on Major
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[QUOTE="AceTRaderForex, post: 172959, member: 22847"] [B]AceTraderFx Nov 14: 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] 14 Nov 2019 [/B][I]03:30GMT[/I] EUR/USD - 1.1007 The single currency's fall to a 4-week trough at 1.0996 yesterday on risk aversion suggests decline from October's 2-month peak at 1.1179 has once again resumed and stronger retracement of upmove from 1.0880 to 1.0965/68 would be seen. However, loss of momentum would keep price above support at 1.0942 and yield a correction later this week. On the upside, only above 1.1074 would indicate a temporary low has been made and risk stronger gain to 1.1091 before prospect of retreat. Pay attention to the release of EU GDP qq and yy for Q3 at 10:00GMT. Street forecasts are for unchanged readings at 0.2% and 1.1% respectively. [/QUOTE]
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