INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/USD

EUR/USD: 1.3894

Last Update At 17 Jun 2009 08:01 GMT

As euro has retreated after being capped below
prev. res at 1.3934 (y'day's high), consolidation
with downside bias is seen for weakness twd 1.3855/
60 n 1.3830, however, below 1.3806 (Aust.) needed
to signal correction fm 1.3748 low has ended.

Turn short on recovery with stop abv said res,
break defers n risks stronger retrace. to 1.3960.

Range Forecast
1.3875 / 1.3915

Resistance/Support

R: 1.3934/1.3967/1.4041
S: 1.3855/1.3806/1.3788