INTRADAY TRADING SIGNAL BY ACETRADER.COM : EUR/USD

[acetraderfx]

INTRADAY TRADING SIGNAL BY ACETRADER.COM : EUR/USD

EUR/USD : 1.3453

Last Update At 19 Mar 2009 03:49 GMT

As renewed buying at 1.3416 has lifted euro,
suggesting the retreat fm Australian high at 1.3536
has possibly ended n consolidation with upside bias
is seen for gain to 1.3475/80, however, abv 1.3500
needed to signal upmove has resumed, 1.3536 again.

Buy on dips with stop as indicated, below wud
risk stronger retracement to 1.3380/90 b4 up...

Range Forecast
1.3430 / 1.3470

Resistance/Support
R: 1.3502/1.3536/1.3589
S: 1.3416/1.3398/1.3335

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[andy003]

The CCI indicator is about to break down the 100 line on the 1 hour chart, suggesting a potential rebound in descending movement, with testing of the short term support 1.3055 area.
Technical resistance levels: 1.3195 1.3300 1.3430
Technical support levels: 1.3055 1.2970 1.2850
Trading range: 1.3160 - 1.3220
Trend: Upward
Buy at 1.3170 SL 1.3140 TP 1.3210