INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/USD

EUR/USD:1.4101

Last Update 12 Aug 2009 07:23 GMT

Euro's breach of 1.4104/10 in line with dlr's
rally vs other European ccys suggests decline fm
last week's top at 1.4448 wud extend to 1.4070/75
but 1.4050 shud limit weakness due to loss of momen
tum, yield rebound later.

Sell on recovery for st trade with stop as indi
cated, abv signals low is possibly made, 1.4170/80.

Range Forecast

1.4090 / 1.4125

Resistance/Support
R: 1.4135/1.4186/1.4219
S: 1.4088/1.4007/1.3911