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Forex Discussions
Fundamental Analysis
AceTraderFx: Intra-Day Market Moving News and Views
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[QUOTE="AceTRaderForex, post: 189498, member: 22847"] [B]AceTraderFx[COLOR="darkred"] [B]Dec 29[/B]:[B] [/B][/COLOR] Intra-Day News and Views & data to be released today – EUR/USD Intra-Day Market Moving News and View[/B] Update Time[B]: 29 Dec 2020 [/B][I]05:30GMT[/I] EUR/USD - 1.2235.. Euro regains traction in thin year-end trading in Asia after yesterday's intra-day brief but strong retreat from 1.2250 to 1.2192 in Europe, however, price rebounded to 1.2239 due to renewed risk sentiment on broad-based rise in global stocks b4 retreating to 1.2203 in late New York session. As yesterday's retreat from 1.2250 suggests further volatile swings below Dec's 2-1/2 year peak at 1.2273 are likely to continue as the choppy price action from there is developing into a bullish triangle pattern, as long as 1.2131 (last Monday's reaction low) holds, Medium Term uptrend would head to projected target at 1.2305. Order board is fairly thin with offers tipped at 1.2240/50 and more above with stops above 1.2275 while some bids are noted at 1.2200/90 with stops below there. No eco. data is due out from the euro area countries today, so traders may take cue from movement in European stocks (DAX n CAC 40) n U.S. stock futures in European morning. [/QUOTE]
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