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Technical Analysis
AceTraderFx : Daily Recommendations on Major
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[QUOTE="AceTRaderForex, post: 199813, member: 22847"] [B]AceTraderFx[COLOR="darkred"] Sept 28: [/COLOR]Daily Recommendations on Major -EUR/USD [ATTACH type="full"]19201[/ATTACH] DAILY MARKET OUTLOOK on Major[/B] Update Time[B]: 28 Sept 2021[/B] [I]03:00GMT[/I] EUR/USD - 1.1694 Yesterday's weakness to 1.1685 (Europe) due to cross-selling in euro suggests correction from Thursday's 4-week low at 1.1684 has ended at 1.1750 and re-test of 2021 bottom at 1.1684 (Aug) is envisaged after consolidation, however, loss of downward momentum should keep euro above 1.1620/25. On the upside, only above Mon's 1.1727 top prolongs volatile sideways swings from 1.1684 and may risk another bounce to 1.1750/55. [B]Data to be released on Tuesday:[/B] Australia retail sales. Germany Gfk consumer sentiment, France consumer confidence. Canada average weekly earnings, U.S. good trade balance, wholesale inventories, redbook, monthly home price, consumer confidence and Richmond Fed manufacturing. [/QUOTE]
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