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Technical Analysis
AceTraderFx : Daily Recommendations on Major
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[QUOTE="AceTRaderForex, post: 196838, member: 22847"] [B]AceTraderFx [COLOR="darkred"]Jun 28: [/COLOR] Daily Recommendations on Major -EUR/USD [ATTACH type="full"]18717[/ATTACH] DAILY MARKET OUTLOOK on Major[/B] Update Time[B]: 28 Jun 2021[/B] [I]03:00GMT[/I] EUR/USD - 1.1937 Euro's intra-day retreat from 1.1975 to 1.1927 in hectic New York trading due to broad-based rebound in usd in tandem with rally in U.S. yields suggests correction from Jun's 2-1/2 month trough at 1.1848 has possibly ended and consolidation with downside bias is seen, below 1.1882 would head back towards 1.1848 later this week. Only a daily close above 1.1975 risks stronger retracement of recent decline, however, 'loss of upward momentum' should cap price below res at 1.2006 and yield retreat. On the data front, the only eco.data due out is German import prices. We have a number of ECB members scheduled to speak, pls refer to our EI page for details. Pay attention to speech by ECB Vice President de Guindos at the EURO FINANCE Summit in Frankfurt at 14:00GMT. [/QUOTE]
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