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EUR/USD Daily Outlook

Mon, Jul 13 2009, 02:33 GMT

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INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/USD

EUR/USD: 1.3948

Last Update At 13 Jul 2009 02:11 GMT

Despite initial marginal cross-inspired rise abv
Friday's NY high at 1.3974, subsequent retreat fm
1.3979 suggests an intra-day top is possibly made n
consolidation with downside bias is seen but below
1.3900 needed to confirm rebound fm 1.3878 over.

Turn short on minor recovery n only abv 1.4000/
10 wud abort our daily bearish bias on euro.

Range Forecast

1.3935 / 1.3965

Resistance/Support
R: 1.3979/1.4008/1.4074
S: 1.3908/1.3878/1.3858


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