Daily Recommendations on Major -EUR/USD

AceTrader Team AceTrader

DAILY MARKET OUTLOOK
Update Time: 27 Feb 2017 02:08 GMT

EUR/USD - 1.0565
Despite euro's resumption of near term upmove from last Wed's 6-week trough at 1.0494 to 1.0618 in New York morning on Fri, subsequent strong retreat suggests 1st leg of correction has ended and 1-2 days of choppy consolidation is in store, reckon 1.0522/26 would contain pullback and yield one more rise to 1.0640/50 before down.

Only a daily close below 1.0522 suggests said retracement has ended and brings one more fall twd next daily chart objective at 1.0454 later this week.

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AceTrader Team

AceTrader

Led by world-renowned technical analyst Wilson Leung, we have a team of 7 analysts monitoring the market and updating our recommendations and commentaries 24 hours a day.

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