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Technical Analysis
AceTraderFx : Daily Recommendations on Major
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[QUOTE="AceTRaderForex, post: 201568, member: 22847"] [B]AceTraderFx[COLOR="darkred"] Nov 16: [/COLOR]Daily Recommendations on Major -EUR/USD [ATTACH type="full"]19458[/ATTACH] DAILY MARKET OUTLOOK on Major[/B] Update Time[B]: 16 Nov 2021[/B] [I]03:00GMT[/I] EUR/USD - 1.1376 Euro's selloff in New York session below Fri's 1.1434 low (now res) due to broad-based euro's weakness and rally in usd in tandem with U.S. yields to a 16-month trough of 1.1357 suggests recent downtrend would pressure price lower after consolidation, oversold condition is likely to keep price above 1.1291 and yield a much-needed correction later. On the upside, only a daily close above 1.1434 signals temporary low is made and yields stronger retracement to 1.1461/63 before prospect of another fall later this week. [B]Data to be released on Tuesday:[/B] Japan tertiary industry activities, New Zealand GDT price index. U.K. Claimant count, ILO unemployment rate, employment change, average weekly earnings, France CPI, Italy CPI, EU employment, GDP. Canada housing starts, U.S. import prices, export prices, retail sales, redbook, industrial production, capacity utilization, manufacturing output, business inventories, NAHB housing market index. [/QUOTE]
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