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Forex Discussions
Fundamental Analysis
AceTraderFx: Intra-Day Market Moving News and Views
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[QUOTE="AceTRaderForex, post: 189591, member: 22847"] [B]AceTraderFx[COLOR="darkred"] [B]Dec 31[/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]: 31 Dec 2020 [/B][I]05:30GMT[/I] EUR/USD - 1.2308.. Euro regains traction in thin year-end Asian morning n re-tested Wed's 33-month high of 1.2309 due to continued usd's broad-based weakness, suggesting the Medium Term uptrend from 2020 bottom at 1.0637 (march) would head to daily target at 1.2342 after consolidation, however, loss of near term upward momentum should prevent strong gain and reckon projected res at 1.2367 and risk has increased for a much-needed correction due to thin trading condition. For now, trading the euro from long side is the way to go. Order board is pretty thin and today is bank holiday Germany. Economic calendar for the euro area countries is empty, happy new year ! [/QUOTE]
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