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EUR/USD Daily Market Outlook by AceTrader

Discussion in 'Market Predictions and Reports' started by acetraderfx, Aug 5, 2010.

  1. acetraderfx

    acetraderfx AceTrader.com Representative

    Joined:
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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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