INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/USD

EUR/USD:+1.4244+

Last Update 27 Aug 2009 07:47 GMT

Although euro has edged higher after y'day's
selloff to 1.4205 n sideways trading wud be seen,
as long as 1.4280 holds, a retreat is still likely
but below 1.4219/20 needed to confirm erratic fall
fm 1.4377 has resumed n extend to daily 1.4200 sup.

Sell on recovery with stop as indicated, break
wud risk stronger gain to 1.4320/30...

Range Forecast
1.4230 / 1.4270

Resistance/Support

R: 1.4280/1.4306/1.4354
S: 1.4200/1.4173/1.4133