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Technical Analysis
AceTraderFx : Daily Recommendations on Major
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[QUOTE="AceTRaderForex, post: 198497, member: 22847"] [B]AceTraderFx[COLOR="darkred"] Aug 20: [/COLOR]Daily Recommendations on Major -EUR/USD [ATTACH type="full"]19011[/ATTACH] DAILY MARKET OUTLOOK on Major[/B] Update Time[B]: 20 Aug 2021[/B] [I]03:00GMT[/I] EUR/USD - 1.1683 Although euro's short-covering rebound from Thursday's 9-month bottom at 1.1667 to 1.1704 (New York) suggests initial consolidation is in store, outlook remains for medium-term downtrend to head towards next daily chart objective at 1.1603 early next week. Only a daily close above 1.1715 signals temporary low is made and may risk stronger retracement towards 1.1742 but 1.1761 should cap upside and yield another fall. Euro area eco. calendar is pretty light today with German producer price for Jul being the only data due out at 06:00GMT. [/QUOTE]
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