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EUR/USD Daily Outlook

Thu, May 21 2009, 02:34 GMT

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INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/USD

EUR/USD: 1.3777

Last Update At 20 May 2009 23:16 GMT

As 1.3831 has capped y'day's rally, subsequent
retreat fm there suggests minor consolidation is
seen in Asia but reckon downside wud hold abv 1.37
39 (prev. top), bring rebound but abv 1.3795/00 is
needed to signal recent upmove has resumed, 1.3831.

Buy on dips with stop as indicated, below wud
defer n risk stronger pullback to 1.3690/95...

Range Forecast
1.3755 / 1.3790

Resistance/Support

R: 1.3795/1.3831/1.3856
S: 1.3739/1.3712/1.3668


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