INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/USD

EUR/USD:1.4187

Last Update At 21 Jul 2009 06:59 GMT

Euro's breach of 1.4190 (Asia) suggests further
consolidation below y'day's high at 1.4250 is in
store n minor correction of recent upmove to 1.4160
/70 cannot be ruled out but as long as 1.4145/47
holds, upside bias remains for rebound twd 1.4219.

Buy on dips n only abv 1.4250 confirms uptrend
has resumed. Below 1.4145 defers n risks 1.4125/30.

Range Forecast
1.4170 / 1.4205

Resistance/Support

R: 1.4219/1.4250/1.4286
S: 1.4166/1.4145/1.4097