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Technical Analysis
AceTraderFx : Daily Recommendations on Major
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[QUOTE="AceTRaderForex, post: 197123, member: 22847"] [B]AceTraderFx [COLOR=darkred]July 06: [/COLOR] Daily Recommendations on Major -EUR/USD [ATTACH type="full" alt="flag_eur.gif"]18775[/ATTACH] DAILY MARKET OUTLOOK on Major[/B] Update Time[B]: 06 July 2021[/B] [I]03:00GMT[/I] EUR/USD - 1.1863 As 1.1880 yesterday has capped euro's rebound from last Friday's 11-week trough at 1.1808, consolidation with downside bias is in store, below 1.1808 would extend marginal weakness, however, loss of downward momentum would keep price above 1.1762/65. Only a daily close above 1.1884 res may risk stronger retracement to 1.1909/11 but reckon res at 1.0944 should cap upside. On the data front, germany will kick off with germany's industrial orders, then Zew eco. sentiment n current condition n later EU's retail sales n Zew survey expectations. We have a nu,ber of ECB officials scheduled to speak, pls refer to our EI page for details. [/QUOTE]
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