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EUR/USD Daily Outlook

Mon, Jul 6 2009, 07:30 GMT

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INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/USD

EUR/USD: 1.3939

Last Update At 06 Jul 2009 07:22 GMT

Despite euro's selloff below last Friday's low
at 1.3927, lack of follow through selling n subse-
quent bounce fm 1.3914 suggest intra-day low is
made n risk is seen for minor correction to 1.3955/
60 but 1.3999 shud hold n yield another fall.

Exit intra-day short n stand aside as below
1.3914 needed to extend decline fm 1.4202 to 1.3888

Range Forecast
1.3925 / 1.3955

Resistance/Support

R: 1.3952/1.3999/1.4028
S: 1.3914/1.3888/1.3858


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