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Technical Analysis
AceTraderFx : Daily Recommendations on Major
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[QUOTE="AceTRaderForex, post: 210694, member: 22847"] [B]AceTraderFx[COLOR="darkred"] July 18: [/COLOR] Daily Recommendations on Major -EUR/USD [ATTACH type="full"]22083[/ATTACH] DAILY MARKET OUTLOOK on Major[/B] Update Time: [B]18 July 2022[/B] [I]03:00GMT[/I] EUR/USD - 1.0096 Euro's rally above 1.0048/52 resistance to 1.0097 in New York Friday on broad-based retreat in usd suggests recent erratic decline has made a temporary bottom there, however, reckon 1.0122 would cap present rise and yield another decline, below 1.0048/50 would head to 1.0007/10 but below needed to extend towards 0.9985 later. On the upside, only a daily close above 1.0140 would risk stronger retracement towards 1.0190. [B]Data to be released today:[/B] New Zealand business NZ PSI, CPI, Japan Market Holiday. Italy trade balance, Canada housing starts. U.S. NAHB housing market index on Monday. [/QUOTE]
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