AceTrader 1-wk TRIAL
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Update Time: 29 Jul 2010 15:10GMT
EUROPEAN CLOSING EUR/GBP OUTLOOK - +0.8380+
Although euro has eased after rising to 0.8378,
as long as 0.8350/55 holds, consolidation with mild
upside bias remains for nr term rise fm y'day's low
of 0.8313 to retrace decline fm 0.8532 to extend
marginally twd 0.8395/00 b4 retreat.
Hold long with stop as indicated, below wud
defer but reckon said 0.8313 shud remain intact.
Rate: +0.8380+
Strategy: +Target met+
Position: Long at 0.8355
Objective: +0.8380+
Stop-Loss:
Resistance: 0.8400/0.8417/0.8445
Support: 0.8351/0.8313/0.8273
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Update Time: 29 Jul 2010 15:10GMT
EUROPEAN CLOSING EUR/CHF OUTLOOK - +1.3590+
Intra-day selloff fm 1.3755 has kept price under
pressure, suggesting consolidation with downside
bias remains for corrective decline fm y'day's high
of 1.3819 to extend twd 1.3580, however, o/sold con
dition shud keep price well abv 1.3546 today.
Trade fm short side with stop as indicated, break
wud risk 1.3715 (prev. sup, now res) b4 'down'.
Rate: +1.3590+
Strategy: +Target met+
Position: Short at 1.3630
Objective: 1.3590
Stop-Loss:
Resistance: 1.3667/1.3715/1.3755
Support: 1.3580/1.3546/1.3516
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Update Time: 29 Jul 2010 11:19GMT
INTRA-DAY EUR/USD OUTLOOK - +1.3090+
As euro has risen abv good 1.3047 res due partly
to cross-buying vs yen in Europe, suggesting recent
upmove fm 1.1876 has once again resumed n further
headway to 1.3095 wud be seen but nr term o/bot con
dition shud cap price well below 1.3144.
+Buy at market with stop as indicated+, below
wud signal a top is made, 1.2995/00.
Rate: +1.3090+
Strategy: +Target met+
Position: +Long at 1.3058+
Objective: +1.3090+
Stop-Loss:
Resistance: 1.3095/1.3144/1.3229
Support: 1.2967/1.2952/1.2921
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