AceTrader - Best Intra-day Forex Trading Strategies


  Subscribe | Forget password


Daily Market Outlook Bookmark and Share

Daily Market Outlook (21 Oct 2016)
Update Time: 21 Oct 2016 01:49GMT
Next Update At: 08:30GMT
EUR/USD - 1.0917

Euro's intra-day selloff to a near 4-month trough of 1.0916 in Thur's New York morning following ECB Draghi's "no tapering" comments suggests re-test of key daily sup at 1.0912 would be forthcoming soon where a break there would confirm medium-term downtrend from 2016 peak at 1.1617 (May) has finally resumed and would pressure price to 1.0840/45 early next week.  
Expect 1.0980 to hold for this move and only above 1.1000/05 signals temporary low is in place, risks stronger   
retracement twd 1.1040 b4 down.  

Trendsetter does not warrant or guarantee the accuracy, timeliness or completeness to its service or information contained therein. Trendsetter does not give, whatsoever, warranties, expressed or implied, to the results to be obtained by using its services or information it provided. Users are trading on their own risk and Trendsetter shall not be responsible under any circumstances for the consequences of such activities. Trendsetter and its affiliates, in no event, be liable to users or any third parties for any consequential damages, however arising, including but not limited to damages caused by negligence whether such damages were foreseen or unforeseen.

  |    Home  |  Contact Us  |  Subscribe  |  Site Map  |  Disclaimer  |  Risk Disclosure  |  Advertise with us  |  Top