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Technical Analysis
AceTraderFx : Daily Recommendations on Major
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[QUOTE="AceTRaderForex, post: 193887, member: 22847"] [B]AceTraderFx [B][COLOR="darkred"]Apr 08: [/COLOR] [/B]Daily Recommendations on Major -EUR/USD [ATTACH type="full"]18221[/ATTACH] DAILY MARKET OUTLOOK on Major[/B] Update Time[B]: 08 Apr 2021[/B] [I]03:00GMT[/I] EUR/USD - 1.1870 Despite resumption of recent upmove from March's 4-1/2 month trough at 1.1705 to a 2-week high of 1.1914 (New York) yesterday, loss of upward momentum should cap euro's upside below res at 1.1947 and yield decline later today. A daily close below 1.1850 would be the 1st signal said corrective rise has made a top, then risk would shift to downside for weakness to 1.1776/86 tomorrow or early next week. [B]Data to be released on Thursday:[/B] Japan current account, trade balance, consumer confidence. Germany industrial orders, France imports, exports, current account, trade balance, UK RICS housing price, construction PMI, EU producer prices. U.S. initial jobless claims, continuing jobless claims. [/QUOTE]
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