*** Daily EUR/USD Outlook ***

[acetraderfx]

DAILY EUR/USD OUTLOOK - 1.3038

22 Apr 2013 08:29GMT

STRATEGY : Hold short

POSITION : Short at 1.3080

OBJECTIVE : 1.3005

STOP-LOSS : 1.3100

RES : 1.3093/1.3130/1.3153

SUP : 1.3048/1.3001/1.2963

Fri's fall fm 1.3130 to 1.3048 signals recovery fm Wed's low at 1.3001 is over n below this sup wud extend decline fm last Tue's 1-1/2 month high at 1.3202 twd 1.2963, however, 'loss of momentum' wud keep euro abv 1.2900/10.

Hold short for 1.3005 1st n only abv 1.3130 wud prolong choppy trading, risk 1.3130, 1.3150/53.