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Technical Analysis
AceTraderFx : Daily Recommendations on Major
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[QUOTE="AceTRaderForex, post: 210574, member: 22847"] [B]AceTraderFx[COLOR="darkred"] July 14: [/COLOR] Daily Recommendations on Major -EUR/USD [ATTACH type="full"]22057[/ATTACH] DAILY MARKET OUTLOOK on Major[/B] Update Time: [B]14 July 2022[/B] [I]03:00GMT[/I] EUR/USD - 1.0029 Despite euro's rally on short covering from Wed's fresh 20-year trough of 0.9999 after release of red hot US CPI and jump in US yields to 1.0122 in New York, subsequent retreat suggests correction possibly over and below 1.0020/24 would pressure price towards 0.9949. On the upside, only a daily close above 1.0100 may risk re-test of 1.0122, break would yield stronger retracement to 1.0151/56 before retreat. [B]Data to be released on Thursday:[/B] U.K. RICS housing price balance, Australia employment change, unemployment rate, Japan industrial output, capacity utilization, Swiss producer/import prices, France Market Holiday. U.S. initial jobless claims, continuing jobless claims, PPI and Canada manufacturing sales. [/QUOTE]
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