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Technical Analysis
AceTraderFx : Daily Recommendations on Major
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[QUOTE="AceTRaderForex, post: 177987, member: 22847"] [B]AceTraderFx Mar 13: 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]: 13 Mar 2020[/B][I] 03:30GMT[/I] EUR/USD - 1.1175 Despite the single currency's selloff from 1.1301 to as low as 1.1056 in post-ECB trading, subsequent strong rebound to 1.1226 near New York closing suggests decline from Monday's 14-month peak at 1.1494 has possibly made a temporary low there and choppy trading with upside bias would be seen for gain to 1.1333, however, resistance at 1.1366 should remain intact and yield retreat. On the downside, only below 1.1056 would revive bearishness for further weakness to 1.1000/10 before prospect of a correction due to loss of momentum. [B]Data to be released on Friday :[/B] New Zealand manufacturing PMI, food price index, Japan tertiary industry activity index. Germany CPI, HICP, France CPI (EU norm), CPI. U.S. import prices index, export prices index, University of Michigan sentiment. [/QUOTE]
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