INTRADAY TRADING SIGNAL BY ACETRADER.COM : EUR/USD

[acetraderfx]

INTRADAY TRADING SIGNAL BY ACETRADER.COM : EUR/USD

EUR/USD : 1.2700

Last Update At 11 Mar 2009 01:21 GMT

Despite euro's brief bounce to 1.2737, subse-
quent retreat suggests recovery fm 1.2610 (NY sup)
has possibly ended there n consolidation with mild
downside bias is seen n pullback to 1.2668/70 can't
be ruled out, below brings fall to 1.2630/40.

Abv 1.2737 wud yield gain to 1.2755 n then
1.2776/80 but y'day's 1.2823 high wud hold fm here.

Range Forecast
1.2690 / 1.2725

Resistance/Support
R: 1.2737/1.2776/1.2823
S: 1.2610/1.2579/1.2555

Our 2008 trading performance summary:
http://www.acetraderfx.com/eng/performance/perform2008.asp

 

[andy003]

The Euro (EUR/USD) rose strongly in the Sunday session, gaining 60pips and testing the high reached on Friday. Also, the Euro is trading above the trend-line that connects the 23March and the 6April highs, although the market has been holding an uncertain pattern over the last few days of trading.