INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/USD

EUR/USD:1.4850

Last Update 12 Nov 2009 23:09 GMT

As 1.4821 (o/n NY low) has contained y'day's
selloff, euro's subsequent bounce suggests minor
consolidation is seen Asia n risk is for gain to
1.4870/80 but 1.4903 shud hold n bring resumption
of decline fm this week's high at 1.5049 later.

Exit short n sell on further rise. Below 1.4821
wud bring another fall to 1.4770/80.

Range Forecast

1.4835 / 1.4865

Resistance/Support
R: 1.4877/1.4903/1.4953
S: 1.4821/1.4774/1.4734