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Technical Analysis
AceTraderFx : Daily Recommendations on Major
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[QUOTE="AceTRaderForex, post: 200586, member: 22847"] [B]AceTraderFx[COLOR="darkred"] Oct 19: [/COLOR]Daily Recommendations on Major -EUR/USD [ATTACH type="full"]19321[/ATTACH] DAILY MARKET OUTLOOK on Major[/B] Update Time[B]: 19 Oct 2021[/B] [I]03:00GMT[/I] EUR/USD - 1.1618 Euro's rebound from Monday's 1.1572 low suggests re-test of last Thursday's 1.1624 high would be seen, however, as corrective rise from last Tuesday's 14-month bottom at 1.1525 is losing momentum, reckon 1.1664 (previous sup, now res) would cap upside and yield decline later today. A daily close below 1.1572 signals correction is over and heads back towards 1.1525. [B]Data to be released on Tuesday:[/B] Swiss trade balance, exports, imports, EU construction output. U.S. building permits, housing starts, redbook, New Zealand GDT price index. [/QUOTE]
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