AceTrader 1-wk TRIAL
www.AceTraderFX.com 24-Hr Real-time Signals Consistent Performance Intra-day, Daily, Weekly. with Email Alerts Function Try 1-week for $25 USDUpdate Time: 09 Jul 2009 15:23GMT
EUROPEAN CLOSING EUR/USD OUTLOOK - +1.3995+
Although euro's retreat fm 1.4008 suggests a tem
porary top has been formed there, as y'day's strg
rebound fm 1.3832 confirms recent fall fm 1.4202
has made a low, consolidation with mild upside bias
remains but res at 1.4051 shud hold today.
For st trade, buy on dips for 1.3995 n only a
firm break of 1.3892 wud signal recovery is over.
Rate: +1.3995+
Strategy: +Target met+
Position: +Long at 1.3950+
Objective: 1.3995
Stop-Loss:
Resistance: 1.4008/1.4051/1.4094
Support: 1.3915/1.3892/1.3958
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Update Time: 09 Jul 2009 13:41GMT
INTRA-DAY USD/JPY OUTLOOK - +92.70+
Although 92.75 has contained dlr's retreat fm
intra-day high at 93.60 n sideways trading is now
envisaged, if our view y'day's recovery fm 91.80
has ended at 93.60 is correct, then downside bias
remains for weakness to 92.70 but 92.38 wud hold.
Trade fm short side, stop as indicated n only
abv said res wud risk retrace. to 93.85 b4 down.
Rate: +92.70+
Strategy: +Target met+
Position: Short at 93.10
Objective: 92.70
Stop-Loss:
Resistance: 93.60 / 93.85 / 94.08
Support: 92.38 / 91.80 / 91.30
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Update Time: 09 Jul 2009 11:00GMT
INTRA-DAY EUR/GBP OUTLOOK - +0.8605+
As euro has remained under pressure in European
morning after y'day's rise to 0.8672, a firm break
of 0.8617 (y'day's low) wud confirm recent upmove
fm 0.8400 has made a temp. top n yield retracement
to 0.8605 but reckon 0.8578/80 wud hold fm here.
Turn cautious seller on recovery n only abv 0.86
55 wud risk possible re-test of said res.
Rate: +0.8605+
Strategy: +Target met+
Position: +Short at 0.8635+
Objective: 0.8605
Stop-Loss:
Resistance: 0.8655/0.8672/0.8706
Support: 0.8617/0.8593/0.8555
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