INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/USD

EUR/USD:1.4220

Last Update 02 Sep 2009 07:10 GMT

Despite intra-day rebound to 1.4247, euro's
subsequent retreat fm there suggests recovery fm
y'day's 1.4177 low has ended n below 1.4190 (Asia)
wud signal erratic decline fm 1.4407 has once again
resumed, extend weakness to 1.4150/60.

Sell on recovery with stop as indicated, abv
wud defer n risk stronger retracement to 1.4275/80.

Range Forecast
1.4210 / 1.4240

Resistance/Support

R: 1.4256/1.4286/1.4344
S: 1.4177/1.4151/1.4084