INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/USD

EUR/USD: 1.4239

Last Update At 04 Jun 2009 08:08 GMT

As euro has maintained a firm undertone after
breaking Asian high at 1.4192, suggesting upside
risk remains for stronger retrace. of y'day's fall
fm 1.4339 n gain to 1.4250/55 cannot not be ruled
out, however, reckon 1.4275/80 wud hold.

In view of this, exit short n stand aside for
now. Only below 1.4192 revives bearishness, 1.4152.

Range Forecast
1.4215 / 1.4245

Resistance/Support

R: 1.4246/1.4272/1.4339
S: 1.4192/1.4152/1.4102