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Technical Analysis
AceTraderFx : Daily Recommendations on Major
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[QUOTE="AceTRaderForex, post: 208965, member: 22847"] [B]AceTraderFx[COLOR="darkred"] Jun 01 [/COLOR]Daily Recommendations on Major -EUR/USD [ATTACH type="full"]21746[/ATTACH] DAILY MARKET OUTLOOK on Major[/B] Update Time: [B]01 Jun 2022[/B] [I]03:00GMT[/I] EUR/USD - 1.2611 Although euro's selloff from Mon's fresh 1-month peak at 1.0786 to as low as 1.0680 in New York Tue on broad-based usd's rebound in tandem with U.S. yields suggests correction from May's 5-year bottom at 1.0350 has made a temporary top there, subsequent strong rebound on retreat in usd would yield consolidation before prospect of another fall, below 1.0680 would bring stronger retracement towards 1.0643. On the upside, only a daily close above 1.0786 would indicate aforesaid pullback over and risk stronger gain towards 1.0807 [B]Data to be released on Wednesday:[/B] Australia AIG manufacturing index, manufacturing PMI, GDP. U.K. BRC shop price index, S&P Global manufacturing PMI, Japan business capex, Jibun bank manufacturing PMI, China Caixin manufacturing PMI, Germany retail sales, S&P Global manufacturing PMI, France budget balance, S&P Global manufacturing PMI, Swiss manufacturing PMI, Italy S&P Global manufacturing PMI, unemployment rate, EU S&P Global manufacturing PMI, unemployment rate. U.S. mortgage application, ADP employment change, redbook, S&P Global manufacturing PMI, construction spending, ISM manufacturing PMI, JOLTS job openings, Canada BOC rate decision and S&P Global manufacturing PMI. [/QUOTE]
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