Daily Recommendations on Major - EUR/USD

AceTrader Team AceTrader

DAILY MARKET OUTLOOK on Major
Update Time: 25 Apr 2019 05:30 GMT

EUR/USD - 1.1148
Yesterday's break of previous 2019 low at 1.1177 (March) to a 22-month trough of 1.1141 after 7 weeks of broad sideways swings suggests medium-term downtrend has finally resumed and price is en route towards next projected downside target at 1.1054 next week.

Today, reckon 1.1200/10 would hold and yield weakness to 1.1100/10 before prospect of a minor correction later.

Data to be released on Thursday :
Australia market holiday, New Zealand market holiday, Japan Bank of Japan interest rate decision, UK CBI trends survey, U.S. durable goods, durables ex-transport, durables ex-defense, initial jobless claims, KC Fed manufacturing index, and Canada average weekly earnings.

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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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