acetraderfx
02-24-2010, 01:30 AM
EUR/USD: 1.3544
Late Update At 24 Feb 2010 04:23 GMT
Although euro has staged a recovery due partly
to intra-day cross buying vs yen n gbp, as y'day's
sharp selloff fm 1.3693 to 1.3496 confirms the cor-
rection fm Friday's 1.3443 low has ended, downside
bias remains for re-test of 1.3496 n later 1.3475.
Hold short for 1.3500 1st n only abv 1.3605 wud
abort daily bearish scenario on euro.
Range Forecast
1.3525 / 1.3550
Resistance/Support
R: 1.3552/1.3590/1.3618
S: 1.3496/1.3484/1.3443
http://www.acetraderfx.com
Late Update At 24 Feb 2010 04:23 GMT
Although euro has staged a recovery due partly
to intra-day cross buying vs yen n gbp, as y'day's
sharp selloff fm 1.3693 to 1.3496 confirms the cor-
rection fm Friday's 1.3443 low has ended, downside
bias remains for re-test of 1.3496 n later 1.3475.
Hold short for 1.3500 1st n only abv 1.3605 wud
abort daily bearish scenario on euro.
Range Forecast
1.3525 / 1.3550
Resistance/Support
R: 1.3552/1.3590/1.3618
S: 1.3496/1.3484/1.3443
http://www.acetraderfx.com