EUR/USD Daily Market Outlook by AceTrader

acetraderfx

AceTrader.com Representative
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INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/USD
EUR/USD:
1.3160

Late Update At 05 Aug 2010 06:17 GMT

Despite nr term sideways trading after y'day's
strg retreat to 1.3131, as long as 1.3183 (previous
sup, now res) holds, downside bias remains for ano-
ther corrective fall fm this week's high of 1.3262
to said sup, below wud extend to 1.3110 later.


Trade fm short side with stop as indicated, abv
wud risk stronger gain to 1.3200/02 b4 down.


Range Forecast
1.3140 / 1.3170


Resistance/Support
R: 1.3183/1.3212/1.3240
S: 1.3131/1.3107/1.3057
 
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