Intraday trading signal by acetrader.com : Eur/usd

[acetraderfx]

INTRADAY TRADING SIGNAL BY ACETRADER.COM : EUR/USD

EUR/USD : +1.3125+

Last Update At 24 Apr 2009 00:01 GMT

Although euro has eased after o/n rally to 1.31
62 n minor consolidation is seen, pullback shud be
ltd to 1.3105/10 n bullishness remains for this
week's rise fm 1.2885 low to extend twds 1.3160/65,
however, reckon 1.3195/00 wud cap upside in Asia.

Buy dips with stop below 1.3088 (prev. res) as
break wud signal temp. top is made n risk 1.3050/55

Range Forecast
+1.3105 / 1.3145+

Resistance/Support
R: 1.3162/1.3198/1.3232
S: 1.3088/1.3060/1.3029

http://www.acetraderfx.com

[Anne09]

In April Euro/Dollar consolidated, but developing growth above the line of the descending trend could not be achieved. Last week the Euro recovered the losses it suffered earlier in the week. On the weekly chart the currency couple failed to develop growth and to remain above the middle term decreasing trend line at 1.3450