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Technical Analysis
AceTraderFx : Daily Recommendations on Major
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[QUOTE="AceTRaderForex, post: 198545, member: 22847"] [B]AceTraderFx[COLOR="darkred"] Aug 23: [/COLOR] Daily Recommendations on Major -EUR/USD [ATTACH type="full"]19021[/ATTACH] DAILY MARKET OUTLOOK on Major[/B] Update Time[B]: 23 Aug 2021[/B] [I]03:00GMT[/I] EUR/USD - 1.1702 Euro's rebound from Fri's 9-1/2 month trough at 1.1664 to 1.1704 on short covering in New York suggests recent downtrend has made a temporary low and range trading is in store before prospect of one more fall, 'loss of momentum' should keep price above key daily sup at 1.1603. A daily close above 1.1715 would risk stronger retracement towards 1.1742, break may extend to 1.1770/80 later this week. The euro area countries will release a slew of eco. data, pls refer to our EI page for details. Today is PMI day, pay attention to German n EU's Markit mfg n services PMIs at 07:30GMT n 08:00GMT respectively. [/QUOTE]
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