INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/USD

EUR/USD:1.4604

Last Update 11 Sep 2009 04:14 GMT

Although euro has eased after re-testing y'day's
high of 1.4614 n sideways trading is seen, as long
as 1.4569 (NY sup) holds, mild upside bias remains
for recent rise to resume n extend twds 1.4647 but
'loss of upward momentum' shud cap price at 1.4670.

Buy on dips for this move with stop below said
sup, break wud bring correction to 1.4533 n 1.4502.

Range Forecast
1.4585 / 1.4614

Resistance/Support

R: 1.4614/1.4647/1.4720
S: 1.4569/1.4533/1.4502