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Forex Discussions
Fundamental Analysis
AceTraderFx: Intra-Day Market Moving News and Views
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[QUOTE="AceTRaderForex, post: 148289, member: 22847"] [B]AceTraderFx Jun 12: Intra-Day Market Moving News and Views -EUR/USD[/B] [B]Intra-Day Market Moving News and Views[/B] [B]12 Jun 2018[/B] [I]03:10GMT[/I] EUR/USD - 1.1765.. Euro pares intra-day losses as initial rally in dlr/yen in Australia led to broad-based usd's strength, price fell from 1.1785 (AUS) to as low as 1.1741 in early Asian trading after tripping stops below 1.1775 (Monday's New York low), however, buying interest later emerged and euro edged higher back to 1.1770 ahead of Tokyo lunch break. Although yesterday's decline from 1.1821 to 1.1741 in Asian on Tuesday suggests further choppy trading below last Thursday's 3-week high at 1.1840 would continue, as long as 1.1727 (Friday's reaction low) holds, the volatile trading from 1.1840 is possibly unfolding into a triangle pattern, suggesting recent upmove wud resume after present consolidation is over. Therefore, buying euro on dips is favoured (our daily has entered long on intra-day decline. Bids are noted at 1.1745-35 with stops below 1.1720. Offers are tipped at 1.1775/85 with some stops above 1.1800, more stops are reported above 1.1840. On the eco. calendar, pay attention to release of Germany's ZEW economic sentiment n current conditions as well as EU's ZEW economic sentiment, all will come out at 09:00GMT. [/QUOTE]
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