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Technical Analysis
AceTraderFx : Daily Recommendations on Major
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[QUOTE="AceTRaderForex, post: 186308, member: 22847"] [B]AceTraderFx[COLOR=rgb(184, 49, 47)] Oct 07[/COLOR][/B][COLOR=rgb(184, 49, 47)]:[/COLOR][B][COLOR=rgb(184, 49, 47)] [/COLOR]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] 07 Oct 2020 [/B][I]03:30GMT[/I] EUR/USD - 1.1733 Despite euro's resumption of upmove from September's 8-week low at 1.1613 to a 2-week high of 1.1807 at NY open yesterday, subsequent selloff to 1.1731 in Australia today on active safe-haven usd buying suggests temporary top is made and weakness to 1.1685 would be seen after consolidation but 1.1662/66 may hold. On the upside, only above 1.1765/70 may risk re-test of 1.1807, break, 1.1827/32 later. [B]Data to be released on Wednesday :[/B] Australia AIG services index, China market holiday, Japan coincident index, leading indicator. Germany industrial output, France current account, trade balance, imports, exports, UK Halifax house price index, labour productivity, Italy retail sales. U.S. MBA mortgage applications, and Canada Ivey PMI. [/QUOTE]
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