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EUR/USD Daily Outlook

Tue, Jul 7 2009, 01:38 GMT

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INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/USD

EUR/USD: 1.3975

Last Update At 07 Jul 2009 01:04 GMT

Although euro has retreated after marginal gain
to 1.3998 (Aust.) n minor consolidation is seen for
weakness to 1.3940/45, reckon 1.3927 wud limit down
side n yield further choppy trading abv y'day's low
at 1.3876.

Abv 1.3998/99 wud bring retracement of decline
fm 1.4202 to 1.4028 b4 down. Stand aside for now.

Range Forecast
1.3960 / 1.3990

Resistance/Support

R: 1.3999/1.4028/1.4077
S: 1.3965/1.3927/1.3876


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