acetraderfx
AceTrader.com Representative
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INTRA-DAY EUR/USD OUTLOOK
Last Update At 20 Jun 2011 05:54 GMT
Rate : 1.4232
Despite euro's recovery after brief drop to
1.4218 just b4 European opening, as long as 1.4256
(prev. sup, now res) holds, downside bias remains
for decline fm last Friday's high of 1.4339 to ex-
tend weakness to 1.4200/06 but 1.4177 wud hold.
Trade fm short side with stop abv 1.4256 as
break may risk stronger gain to 1.4286/91 later.
Range Forecast
1.4220 / 1.4245
Resistance/Support
R: 1.4256/1.4299/1.4339
S: 1.4218/1.4206/1.4177
Last Update At 20 Jun 2011 05:54 GMT
Rate : 1.4232
Despite euro's recovery after brief drop to
1.4218 just b4 European opening, as long as 1.4256
(prev. sup, now res) holds, downside bias remains
for decline fm last Friday's high of 1.4339 to ex-
tend weakness to 1.4200/06 but 1.4177 wud hold.
Trade fm short side with stop abv 1.4256 as
break may risk stronger gain to 1.4286/91 later.
Range Forecast
1.4220 / 1.4245
Resistance/Support
R: 1.4256/1.4299/1.4339
S: 1.4218/1.4206/1.4177
