INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/USD

EUR/USD: 1.3900

Last Update At 22 Jun 2009 05:33 GMT

Despite intra-day bounce fm 1.3885, as renewed
selling around 1.3920/25 has pressured euro, risk
is seen for a re-test of said sup n below there wud
extend near term decline fm last Friday's high at
1.4013 to 1.3850/60.

In view of this, exit long n stand aside. Abv
1.3920/25 wud bring recovery to 1.3960/70 b4 down.

Range Forecast
1.3890 / 1.3920

Resistance/Support

R: 1.3960/1.4013/1.4041
S: 1.3872/1.3850/1.3806