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Technical Analysis
AceTraderFx : Daily Recommendations on Major
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[QUOTE="AceTRaderForex, post: 197168, member: 22847"] [B]AceTraderFx [COLOR=darkred]July 07: [/COLOR]Daily Recommendations on Major -EUR/USD [ATTACH type="full"]18782[/ATTACH] DAILY MARKET OUTLOOK on Major[/B] Update Time[B]: 07 July 2021[/B] [I]03:00GMT[/I] EUR/USD - 1.1821 Euro's intra-day selloff from 1.1894 (Europe) due to broad-based usd's buying and subsequent re-test of last Friday's 11-week trough at 1.1808 in New York suggests recent decline would pressure price towards 1.1762 ahead of release of FOMC minutes, however, near term oversold condition should keep price well above 2021 bottom at 1.1705 (Mar). On the upside, only a daily close above 1.1852 signals temporary low is made and risks re-test of 1.1894, break would bring stronger retracement to 1.1909/11 and possibly towards 1.1944. On the data front, we have some second-tier eco. data, pls refer to our EI page for details. ECB Chair of the Supervisory Board Enria will at an event at 07:30GMT. [/QUOTE]
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