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Forex Discussions
Fundamental Analysis
AceTraderFx: Intra-Day Market Moving News and Views
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[QUOTE="AceTRaderForex, post: 184768, member: 22847"] [B]AceTraderFx [COLOR=rgb(184, 49, 47)]Aug 27[/COLOR][/B][COLOR=rgb(184, 49, 47)]:[/COLOR][B][COLOR=rgb(184, 49, 47)] [/COLOR]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]: 27 Aug 2020 [/B][I]05:30GMT[/I] EUR/USD - 1.1828... The single currency swung wildly in hectic trading yesterday as despite edging up to 1.1840 in Asia, price dropped to session lows at 1.1773 at New York open on usd's brief strength on the back of upbeat U.S. data. However, the pair erased its losses and rebounded strongly to 1.1838 in late New York, then to 1.1849 today in Asia before retreating again. Euro's intra-day re-test of Monday's high at 1.1749 suggests near term upmove from last Friday's low at 1.1755 would resume after consolidation and head to 1.1860/65, however, offers at 1.1860/70 would limit upside and yield another retreat later. Below 1.1773 would bring re-test of 1.1755 later. In the absence of major economic data from EU today, pay attention to comments from ECB board member Philip Lane at 15:50GMT, who is scheduled to speak at the 44th Economic Policy Symposium. [/QUOTE]
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