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Technical Analysis
AceTraderFx : Daily Recommendations on Major
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[QUOTE="AceTRaderForex, post: 210429, member: 22847"] [B]AceTraderFx[COLOR="darkred"] July 11: [/COLOR]Daily Recommendations on Major -EUR/USD [ATTACH type="full"]22041[/ATTACH] DAILY MARKET OUTLOOK on Major[/B] Update Time: [B]11 July 2022[/B] [I]03:00GMT[/I] EUR/USD - 1.0159 Despite euro's selloff below 1.0145 (Thursday) to a fresh 20-year bottom at 1.0073 in Europe Friday, subsequent strong rise to 1.0189 following robust U.S. NFP in New York suggests recent erratic decline has made a temporary trough there and may head back towards 1.0221 before retreat. On the downside, a daily close below 1.0100 would indicate said recovery has ended and yield weakness towards 1.0073, break, 1.0045/50. [B]Data to be released later:[/B] New Zealand retail sales, Japan Machinery orders, machine tool orders. Italy retail sales. Canada leading index on Monday. [/QUOTE]
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