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EUR/USD Daily Outlook

Wed, Aug 5 2009, 09:36 GMT

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INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/USD

EUR/USD:1.4386

Last Update 05 Aug 2009 09:10 GMT

Euro's early retreat to 1.4367 suggests further
choppy trading below 1.4445 wud be seen n weakness
to 1.4360 cannot be ruled out, however, as long as
1.4339 (prev. res) holds, a rebound is still likely
but abv 1.4445 needed to extend to 1.4475.

Buy on dips with stop as indicated, break wud
risk stronger retracement to 1.4300/05....

Range Forecast
1.4367 / 1.4410

Resistance/Support

R: 1.4445/1.4475/1.4550
S: 1.4367/1.4339/1.4305


Trendsetter Financial Markets Ltd. | Room 1309 - 1311, 13/F., Tai Yau Building, No. 181 Johnston Road, Wan Chai, Hong Kong.
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