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Old 07-04-2011, 02:57 AM   #1

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EUR/USD Intra-day Signal by AceTrader

INTRA-DAY EUR/USD OUTLOOK

Last Update At
04 Jul 2011 05:26 GMT

Rate : 1.4520

Current stronger-than-expected retreat suggests
recent upmove has possibly formed a temp. top earli
er at 1.4580 in Asia n choppy consolidation with
downside bias wud be seen for weakness to 1.4491/95
n possibly twds 1.4467 but reckon 1.4437 sup hold.

Wud be prudent to exit long n stand aside for
now. Abv 1.4550/55 wud revive bullishness, 1.4580.

Range Forecast
1.4500 / 1.4540

Resistance/Support
R: 1.4580/1.4604/1.4632
S: 1.4516/1.4499/1.4467
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