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EUR/USD Daily Outlook

Thu, Sep 10 2009, 10:01 GMT

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INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/USD

EUR/USD:1.4532

Last Update 10 Sep 2009 09:38 GMT

As euro has penetrated sup at 1.4533, suggesting
recent upmove has formed a temporary top y'day at
1.4605 n consolidation with downside bias remains
for correction to 1.4500/10, however, reckon 1.4467
(y'day's low in Europe) wud limit weakness.

Hold short with stop now as indicated n only abv
1.4586 wud abort n risk re-test of 1.4605.

Range Forecast
1.4510 / 1.4545

Resistance/Support

R: 1.4586/1.4605/1.4647
S: 1.4487/1.4467/1.4398


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