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

 
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> Intra-day Eur/usd Outlook By Acetrader
AcetraderFX
post Jul 17 2008, 5:25
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Despite euro's recovery fm y'day's low at 1.58
00, this move is viewed as a correction of nr term
decline n as long as 1.5865 (prev. sup) holds, the
fall fm record top at 1.6040 shud resume for a re-
test of said sup n then 1.5780/85.

Remain as cautious seller with stop as indica-
ted, abv risks stronger retrace. to 1.5890/00...

Range Forecast
1.5830 / 1.5855

Resistance/Support
R: 1.5865/1.5898/1.5949
S: 1.5800/1.5765/1.5737

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