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Technical Analysis
AceTraderFx : Daily Recommendations on Major
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[QUOTE="AceTRaderForex, post: 97304, member: 22847"] [B]AceTraderFx Feb 19: Daily Recommendations on Major -EUR/USD [/B] [IMG]http://www.trendsetterfx.com/image/common/flag/flag_eur.gif[/IMG] [B]DAILY MARKET OUTLOOK[/B] Update Time: [B]19 Feb 2016[/B] 05:16 GMT [B]EUR/USD - 1.1123[/B] Although euro's break of indicated daily sup at 1.1086 to 1.1071 in New York morning on Thur suggests the medium- term rise from 2015 Dec's 7-1/2 month bottom at 1.0523 has made a top last week at 1.1377, intra-day rebound in Asia today suggests consolidation with near term upside bias is in store, above 1.1150/57 res would bring stronger retracement to 1.1179, however, reckon res at 1.1193 would hold and yield retreat later today or Monday. Below 1.1071 would extend to 1.1060 (December's high, now sup), however, weakening of downward momentum should keep euro above projected sup at 1.0035/40. [/QUOTE]
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