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Technical Analysis
AceTraderFx : Daily Recommendations on Major
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[QUOTE="AceTRaderForex, post: 97649, member: 22847"] [B]AceTraderFx Feb 26: 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: 26 Feb 2016 03:38 GMT EUR/USD - 1.1049 Despite yesterday's intra-day choppy swings after early decline to to Wed's 3-week trough at 1.0957, subsequent rebound from 1.0987 to 1.1050 in New York session, then intra-day brief rise to 1.1060 in Asia today suggests recent fall from Feb's 3-1/2 month peak at 1.1377 has made a temporary low and consolidation with upside bias remains for a long-overdue correction to 1.1090/00, near term o/bot condition should cap euro below 1.1138/39 res. On the downside, only below 1.0987 sup suggests correction is over and risks re-test of 1.0957, however, loss of downward momentum should keep price well above minor daily sup at 1.0904 today. [/QUOTE]
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