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INTRA-DAY USD/JPY:

Last Update At 25 May 2010 02:40 GMT

Range Forecast
89.96 / 90.20


Resistance/Support
R: 90.31/90.63/90.75
S: 89.94/89.74/89.54

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INTRA-DAY EUR/USD:

Last Update At 25 May 2010 02:47 GMT

Range Forecast
1.2295 / 1.2330


Resistance/Support
R: 1.2354/1.2372/1.2417
S: 1.2283/1.2260/1.2229

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INTRA-DAY USD/CHF:

Last Update At 25 May 2010 03:29 GMT

Range Forecast
1.1595 / 1.1625


Resistance/Support
R: 1.1625/1.1657/1.1713
S: 1.1587/1.1551/1.1490
...

INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/USD
EUR/USD: 1.2306

Late Update At 25 May 2010 01:49 GMT

Despite early breach of y'day's NY low at 1.2345
(now res) in Australia, euro's present rebound fm 1.2283 suggests a minor low has been formed n sideways trading is now envisaged b4 prospect of extending early fall fm 1.2673 (Fri) twd 1.2260 later.

Still favour selling on further recovery for
1.2285 n only abv 1.2354 wud risk 1.2375/85.

Range Forecast
1.2295 / 1.2330


Resistance/Support
R: 1.2354/1.2372/1.2417
S: 1.2283/1.2260/1.2229

http://www.acetraderfx.com

Market Review - 24/05/2010 21:24 GMT

Euro weakens as bank failure in Spain stokes debt fears

Euro declined on Monday as European debt crisis continued to weigh on the single currency after Spanish central bank seized a local savings bank over weekend. Investors were jittery by such event as weakness in the European banking sector highlighted sovereign debt risk could spread from the public to the private sector.

Despite Friday's strong rebound from 1.2470 to 1.2599, euro was under broad-based selling pressure at the start of Australian trading on Monday , price fell from 1.2586 to 1.2481 in Asian morning as traders were slowly reacting to weekend's news report of bailout by Spanish central bank ...

INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/USD
EUR/USD: 1.2513

Late Update At 24 May 2010 02:23 GMT

Despite intra-day decline fm 1.2586 (AUS), as
1.2481 has contained weakness, suggesting choppy sideways trading wud continue n recovery to 1.2540/50 can not be ruled out b4 prospect of another fall but below 1.2470 needed to extend to 1.2340/45.


Stand aside for now n sell euro on further reco-
very as 1.2599 (NY high) shud cap upside.


Range Forecast
1.2500 / 1.2535

Resistance/Support
R: 1.2599/1.2641/1.2673
S: 1.2470/1.2438/1.2396

http://www.acetraderfx.com