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EUR/USD Daily Outlook

Thu, Oct 8 2009, 07:10 GMT

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INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/USD

EUR/USD:+1.4768+

Last Update 08 Oct 2009 06:41 GMT

Although euro has retreated after intra-day rise
to 1.4774, as today's breach of 1.4737 (now sup)
signals near term upmove fm 1.4480 (Friday) has
resumed, gain to 1.4790/00 is envisaged but o/bot
condition wud cap price below 09' top at 1.4845.

Hold long with stop as indicated n only below
1.4694 confirms top is made, risks 1.4650/60 later.

Range Forecast
+1.4755 / 1.4790+

Resistance/Support
R: 1.4774/1.4803/1.4845
S: 1.4737/1.4694/1.4650


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