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Technical Analysis
AceTraderFx : Daily Recommendations on Major
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[QUOTE="AceTRaderForex, post: 189494, member: 22847"] [B]AceTraderFx[COLOR="darkred"] [B]Dec 29[/B]:[B] [/B][/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] 29 Dec 2020 [/B][I]03:00GMT[/I] EUR/USD - 1.2226 Despite euro's initial gain to 1.2250 in European morning on Monday, subsequent strong retreat to 1.2192 ahead of New York open suggests further volatile swings below Dec's 2-1/2 year peak at 1.2273 would continue with downside bias, however, reckon 1.2131 (last week's reaction low on Monday) should remain intact and yield another rise later this week. A daily close above 1.2250 would encourage for resumption of recent uptrend to projected target at 1.2305. [B]Data to be released on Tuesday:[/B] U.S. redbook and CaseShiller home price. [/QUOTE]
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