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EUR/USD Daily Outlook

Thu, Oct 22 2009, 06:37 GMT

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INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/USD

EUR/USD:1.4979

Last Update 22 Oct 2009 06:36 GMT

Although euro has edged lower fm y'day's fresh
14-month high of 1.5047, reckon 1.4966 (prev. res,
now sup) shud contain pullback n yield a rebound,
however, breach of 1.5036 is needed to confirm MT
uptrend has once again resumed n extend to 1.5060.

Buy on dips with stop as indicated, break wud
risk stronger pullback to 1.4910/15...

Range Forecast
1.4970 / 1.5000

Resistance/Support

R: 1.5047/1.5100/1.5158
S: 1.4966/1.4906/1.4883


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