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Technical Analysis
AceTraderFx : Daily Recommendations on Major
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[QUOTE="AceTRaderForex, post: 174333, member: 22847"] [B]AceTraderFx Dec 12: Daily Recommendations on Major -EUR/USD [IMG]http://www.trendsetterfx.com/image/common/flag/flag_eur.gif [/IMG] DAILY MARKET OUTLOOK on Major[/B] Update Time:[B] 12 Dec 2019 [/B][I]03:30GMT[/I] EUR/USD - 1.1138 The single currency's rally above last Wednesday's 4-week peak at 1.1115 to 1.1144 on usd's weakness in post-FOMC trading suggests a re-test of October's 2-month peak at 1.1179 would be seen after consolidation, break would extend upmove from October's low at 1.0880 to 1.1195/00 but loss of momentum would keep price below 1.1205 and yield much-needed correction later. On the downside, only below 1.1097 would indicate a temporary top has been mad risk would increase for a much-needed retracement to 1.1071. [B]Data to be released on Thursday :[/B] New Zealand food price index, Japan machinery orders. UK RICS housing price balance, parliamentary election, Germany CPI, HICP, Swiss producer/import price index, SNB interest rate decision, France CPI (EU norm), CPI, EU industrial production, ECB interest rate decision, ECB deposit rate decision. U.S. initial jobless claims, PPI, core PPI. [/QUOTE]
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