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EUR/USD Daily Outlook

Fri, Jul 3 2009, 06:03 GMT

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INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/USD

EUR/USD: 1.3996

Last Update At 03 Jul 2009 05:51 GMT

Although euro has rebounded after the brief but
sharp selloff to 1.3927 (Aust.) n further 'choppy'
consolidation abv there is seen with near term
upside bias, reckon 1.4015/20 wud limit gain n
yield retreat later.

Buy dips for 1.4010 or sell there for 1.3960 but
only below 1.3927 confirms fall fm 1.4202 resumes.

Range Forecast
1.3975 / 1.4010

Resistance/Support

R: 1.4004/1.4045/1.4102
S: 1.3927/1.3888/1.3828


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