INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/USD

EUR/USD:+1.4189+

Last Update 10 Aug 2009 06:19 GMT

As euro has fallen in tandem with cable fm
1.4217, suggesting recovery fm 1.4154 (Friday's NY
low) has ended n below said sup wud extend decline
fm last week's high at 1.4448 to 1.4120/30 b4 pros-
pect of a rebound due to 'loss of momentum'.

Hold short with stop now as indicated, abv wud
defer n risk correction to 1.4240/50.

Range Forecast
+1.4165 / 1.4200+

Resistance/Support

R: 1.4217/1.4273/1.4328
S: 1.4172/1.4154/1.4086