*** AceTrader Daily Outlook on EUR/USD ***

[acetraderfx]

DAILY EUR/USD OUTLOOK - +1.3125

03 May 2013 08:40GMT

Euro's intra-day stronger-than-expected rebound after y'day's selloff to 1.3037 suggests 'choppy' consolidation wud be seen n gain to 1.3128/30 can't ruled out, however, renewed selling shud emerge below 1.3148 (prev. sup) n yield selloff later.

Wud be prudent to exit short n sell on further recovery with stop as indicated, break risks 1.3180

STRATEGY : +Hold short+

POSITION : +Short at 1.3125+

OBJECTIVE : 1.3040

STOP-LOSS : 1.3165

RES : 1.3115/1.3148/1.3220

SUP : 1.3037/1.2988/1.2954