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Technical Analysis
AceTraderFx : Daily Recommendations on Major
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[QUOTE="AceTRaderForex, post: 211633, member: 22847"] [B]AceTraderFx[COLOR=darkred] Aug 11: [/COLOR]Daily Recommendations on Major -EUR/USD [ATTACH type="full"]22303[/ATTACH] DAILY MARKET OUTLOOK on Major[/B] Update Time: [B]11 Aug 2022[/B] [I]03:00GMT[/I] EUR/USD - 1.0301 As euro's recent daily choppy swings from August's 1.0293 high had ended with Wednesday's jump to a 5-week peak of 1.0368 after softer-than-expected U.S. CPI, suggesting rise from July's 20-year 0.9953 bottom would head towards 1.0418 before prospect of a strong retreat later. On the downside, only a daily close below 1.0265/70 would indicate a temporary top is in place and risk stronger retracement towards 1.0247, then 1.0203. [B]Data to be released on Thursday:[/B] U.K. RICS housing price balance, Japan market holiday, Australia consumer inflation experience, U.S. initial jobless claims, continuing jobless claims and PPI. [/QUOTE]
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