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Technical Analysis
AceTraderFx : Daily Recommendations on Major
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[QUOTE="AceTRaderForex, post: 99512, member: 22847"] [B]AceTraderFx Mar 31: 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]31 Mar 2016[/B] [I]02:04 GMT[/I] EUR/USD - 1.1328 Euro's rally to as high as 1.1303 in New York afternoon on Tuesday due to dovish remarks from Fed's chair Yellen, then yesterday's breach of previous March's peak at 1.1343 to 1.1365 suggests a re-test of 2016 peak at 1.1377 (Feb) would be forthcoming soon. However, above there is needed to bring resumption of erratic upmove from January's bottom at 1.0523 towards 1.1450/60 later. On the downside, a daily close below support at 1.1283 would indicate a temporary top has been made and yield retracement towards 1.1245/55 before prospect of a rebound. [/QUOTE]
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