Intra-day Eur/usd Outlook By Acetrader - Forex Forum

 
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> Intra-day Eur/usd Outlook By Acetrader
AcetraderFX
post Aug 26 2008, 5:59
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Updating time : 26 Aug 2008 04:28 GMT

Euro's cross-inspired selloff to 1.4704 suggests
re-test of y'day's low at 1.4696 wud be seen after
consolidation n below there wud extend near term
decline fm 1.4909 to 1.4670/75 b4 prospect of a
bounce due to 'loss of momentum'.

Incline to sell on recovery stop as indicated,
abv wud risk stronger retrace. to 1.4770/75...

Range Forecast
1.4704 / 1.4730

Resistance/Support
R: 1.4745/1.4760/1.4809
S: 1.4696/1.4672/1.4630

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