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Thu, Nov 19 2009, 08:41 GMT

AceTrader

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Update Time:      19 Nov 2009 08:15GMT
DAILY EUR/USD OUTLOOK - +1.4855+

Euro's intra-day selloff signals the near term
rise fm this week's low at 1.4807 has ended y'day
at 1.4991 n downside bias remains for further fall
to 1.4850/55 but as price is expected to 'gyrate'
inside 1.4807-1.5049 range, reckon 1.4807 wud hold.

Trade fm short side n only abv 1.4928 wud risk
gain to 1.4968 but 1.4991 wud remain intact..

   Rate:              +1.4855+
   Strategy:        +Target met+
   Position:        Short at 1.4925
   Objective:      1.4855
   Stop-Loss:    
   Resistance:    1.4928/1.4991/1.5017
   Support:         1.4807/1.4788/1.4739

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Update Time:      19 Nov 2009 08:02GMT
INTRA-DAY AUD/USD OUTLOOK - +0.9210+

Despite aud's recovery fm 0.9221, as intra-day
selloff confirms decline fm this week's 09' 0.9407
high to retrace recent upmove has resumed, reckon
0.9266/67 wud hold n bring another fall, below said
sup wud extend weakness to 0.9210 n then 0.9182.

Trade fm short side with stop as indicated, abv
wud risk stronger rebound twd 0.9303...

   Rate:             +0.9210+
   Strategy:       +Target met+
   Position:       Short at 0.9250
   Objective:     0.9210
   Stop-Loss:     
   Resistance:   0.9266/0.9303/0.9338
   Support:        0.9182/0.9148/0.9097
*************************************************
Update Time:      19 Nov 2009 07:50GMT
INTRA-DAY EUR/USD OUTLOOK - +1.4890+

Although euro has finally recovered after intra-
day cross-inspired weakness to 1.4903, as this move
signals the nr term rise fm this week's 1.4807 low
has ended y'day at 1.4991, consolidation with down-
side bias remains for further decline to 1.4885/90.

Trade fm short side n exit on next fall as 1.48
54/58 wud hold. Only abv 1.4968 aborts bearishness.

   Rate:             +1.4890+
   Strategy:       +Target met+
   Position:       Short at 1.4925
   Objective:     1.4890
   Stop-Loss:     
   Resistance:   1.4936/1.4968/1.4991
   Support:        1.4890/1.4857/1.4807
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Published on  Thu, Nov 19 2009, 08:41 GMT

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