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Technical Analysis
AceTraderFx : Daily Recommendations on Major
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[QUOTE="AceTRaderForex, post: 208643, member: 22847"] [B]AceTraderFx[COLOR=darkred] May 24: [/COLOR] Daily Recommendations on Major -EUR/USD [ATTACH type="full"]21686[/ATTACH] DAILY MARKET OUTLOOK on Major[/B] Update Time: [B]24 May 2022[/B] [I]03:00GMT[/I] EUR/USD - 1.0678 Euro's rally above last week's high at 1.3608 (Thursday) to as high as 1.3697 in New York Monday on hawkish comments from ECB's Lagarde suggests corrective upmove from May's 5-year bottom at 1.0350 would extend towards 1.0738 but reckon 1.0762/67 should cap upside and yield retreat today. On the downside, only a daily close below 1.0641 would signal a temporary top is made and risk weakness towards 1.0608, break, 1.0563. [B]Data to be released on Tuesday:[/B] New Zealand retail sales, Australia S&P Global manufacturing PMI, S&P Global services PMI. U.K. Rightmove house price, PSNB, PSNCR, S&P Global manufacturing PMI, S&P Global services PMI, CBI distributive trade, France business climate, S&P Global manufacturing PMI, S&P Global services PMI, Germany S&P Global manufacturing PMI, S&P Global services PMI, EU S&P Global manufacturing PMI, S&P Global services PMI. U.S. building permits, redbook, S&P Global manufacturing PMI, S&P Global services PMI , new home sales and Richmond Fed manufacturing. [/QUOTE]
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