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EUR/USD Daily Outlook

Mon, Jun 29 2009, 05:48 GMT

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INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/USD

EUR/USD: 1.4030

Last Update At 29 Jun 2009 05:46 GMT

Euro's rebound fm 1.4003 (Asia) suggests intra-
day low has possibly been formed n as long as this
sup holds, consolidation with mild upside bias
remains but abv 1.4078 (Aust.) is needed to confirm
the pullback fm Friday's 1.4119 high is over.

Buy on dips with stop as indicated n only below
1.3978/83 aborts daily bullish prospect on euro.

Range Forecast
1.4015 / 1.4043

Resistance/Support

R: 1.4078/1.4119/1.4139
S: 1.4003/1.3978/1.3888


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