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Technical Analysis
AceTraderFx : Daily Recommendations on Major
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[QUOTE="AceTRaderForex, post: 197687, member: 22847"] [HEADING=2][B]AceTraderFx [COLOR="darkred"]July 23: [/COLOR] AceTraderFx July 23:[B] [/B]Daily Recommendations on Major -EUR/USD[/B][/HEADING] [B][ATTACH type="full"]18866[/ATTACH] DAILY MARKET OUTLOOK on Major[/B] Update Time[B]: 23 July 2021[/B] [I]03:00GMT[/I] [HEADING=2]EUR/USD - 1.1777[/HEADING] As euro's intraday wild swings after ECB's dovish hold has ended with price falling from 1.1830 to 1.1758, re-test of Wednesday's 3-1/2 month trough at 1.1753 would be seen, however, loss of downward momentum may keep price above 2021 bottom at 1.1705 (March) today and risk has increased for a correction to occur next week. On the upside, only a daily close above 1.1830 would bring stronger retracement of recent decline to 1.1850. [B]Data to be released on Friday: [/B] Australia manufacturing PMI, services PMI, Japan market holiday. U.K. Gfk consumer confidence, retail sales, Markit manufacturing PMI, Markit services PMI France Markit manufacturing PMI, Markit services PMI, Germany Markit manufacturing PMI, Markit services PMI, EU Markit manufacturing PMI, Markit services PMI. Canada retail sales, U.S. Markit manufacturing PMI and Markit services PMI. [/QUOTE]
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