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INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/USD
EUR/USD: 1.2966

Late Update At 05 May 2010 06:01 GMT

Euro has finally staged a rebound after extend-
ing y'day's decline to a fresh 1-year low of 1.2936 in Asia n although recovery to 1.2990/00 is now envisaged, reckon upside wud falter well below 1.3048 n yield subsequent strg retreat.


For st trade, buy on dips for 1.2990 n if price
rises back to 1.2990 1st, sell for 1.2950.



Range Forecast
1.2955 / 1.2990


Resistance/Support
R: 1.2992/1.3048/1.3089
S: 1.2936/1.2900/1.2885

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Market Review - 04/05/2010 21:32GMT

Euro falls to a fresh one-year low against dollar on Greek debt contagion fear

The single currency remained under pressure throughout Tuesday on concerns about Greek debt problems and fears of possible contagion to other vulnerable eurozone countries. Although Greece would receive 110 billion euros in emergency loan from EU and IMF, investors still worried about the fiscal health of other euro zone countries (especially Spain and Portugal) together with Greece's ability to enact promised spending cuts. The single currency tumbled to a fresh one-year low of 1.2980 on active cross selling in euro. Euro fell below key support at 0.8603 to 0.8567 and from 125.46 to 122.63 against ...

INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/USD
EUR/USD: 1.3140

Late Update At 04 May 2010 09:35 GMT

As intra-day decline has accelerated after early
breach of y'day's 1.3154 low (now res), suggesting MT downtrend has once again resumed n breach of last week's 1.3114 low wud extend weakness to 1.3000, below wud yield further fall twd 1.3076.


Venture selling for this move n only abv 1.3185 confirms low is in place, risk 1.3210/15 later.


Range Forecast
1.3115 / 1.3140


Resistance/Support
R: 1.3154/1.3185/1.3215
S: 1.3114/1.3093/1.3076

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INTRA-DAY GBP/USD: 1.5245

Last Update At 04 May 2010 05:53 GMT

Despite intra-day anticipated weakness after
meeting renewed selling at 1.5265 n marginal fall
below y'day's low at 1.5212, as nr term erratic decline fm 1.5390 (Fri) is losing momentum, reckon 1.5176/80 wud remain intact n bring rebound later.


Turn long on further fall but abv 1.5283 needed
to confirm aforesaid decline has ended.

Range Forecast
1.5200 / 1.5235

Resistance/Support
R: 1.5283/1.5316/1.5345
S: 1.5212/1.5176/1.5126

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