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Technical Analysis
AceTraderFx : Daily Recommendations on Major
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[QUOTE="AceTRaderForex, post: 208208, member: 22847"] [B]AceTraderFx[COLOR="darkred"] May 13: [/COLOR] Daily Recommendations on Major -EUR/USD [ATTACH type="full"]21580[/ATTACH] DAILY MARKET OUTLOOK on Major[/B] Update Time: [B]13 May 2022[/B] [I]03:00GMT[/I] EUR/USD - 1.0379 Euro's selloff below Apr's 1.0472 low to a fresh 5-year bottom at 1.0355 in New York yesterday on broad-based usd's strength due to risk-off trading suggests re-test of 2017 trough at 1.0341 would be seen, break would extend further weakness towards 1.0210 later next week. On the upside, only a daily close above 1.0472 would indicate a temporary low is in place and risk stronger retracement to 1.0500/05. [B]Data to be released on Friday:[/B] New Zealand manufacturing PMI. France CPI, EU industrial production. U.S. import prices, export prices and University of Michigan sentiment. [/QUOTE]
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