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Forex Discussions
Fundamental Analysis
AceTraderFx: Intra-Day Market Moving News and Views
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[QUOTE="AceTRaderForex, post: 184463, member: 22847"] [B]AceTraderFx [COLOR=rgb(184, 49, 47)]Aug 18[/COLOR][/B][COLOR=rgb(184, 49, 47)]:[/COLOR][B] Intra-Day News and Views & data to be released today[/B]- [B]EUR/USD Intra-Day Market Moving News and Views[/B] Update Time[B]: 18 Aug 2020 [/B][I]05:30GMT[/I] EUR/USD - 1.1889... The single currency traded with a firm bias in Asia yesterday and edged up to 1.1867 before falling to session lows at 1.1830. However, the pair found renewed buying there and rose to session highs at 1.1880 in New York morning on usd's broad-based weakness. Price continued to edge higher and gained to 1.1897 in Asian morning today before easing. Euro's intra-day break above yesterday's high at 1.1880 signals early correction from August's 2-year peak at 1.1915 has ended at 1.1712 last Wednesday and consolidation with upside bias remains for a re-test of said top, break would extend MT upmove to 1.1935 before correction. Bids are now seen at 1.1870/80 and more below at 1.1850/60 with stops building up below there whilst initial offers are noted at 1.1840/50. In the absence of major economic data from EU today, pay attention to comments from ECB board member Luis de Guindos, who is scheduled to speak at 08:00GMT. [/QUOTE]
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