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INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/USD
EUR/USD: 1.2905

Late Update At 16 Jul 2010 06:03 GMT

Euro has traded narrowly with a soft bias in
Asian morning after y'day's resumption of recent
upmove n rallied to a 2-month high of 1.2955 in NY, reckon 1.2890 wud contain present retreat n bring rebound but abv 1.2955 needed to extend to 1.2975.


Buy on dips for 1.2950 n if price extends upmove to 1.2975 1st, sell there for pullback to 1.2925.



Range Forecast
1.2890 / 1.2925


Resistance/Support
R: 1.2955/1.2965/1.3000
S: 1.2869/1.2810/1.2778

http://www.acetraderfx.com

Forex Trades 07/16 - European session
[b][img]http://www.mataf.net/images/_V3img/fleches/up_arrow_16.png[/img] [url="http://www.mataf.net/en/forex/usdchf"]USD/CHF - US Dollar / Swiss Franc[/url][/b]
[b]Entry[/b]: 1.0435
[b]Stop[/b]: 1.041
[b]Resistances[/b]: 1.069 - 1.051 - 1.045
[b]Supports[/b]: 1.035 - 1.0385 - 1.04

[b][img]http://www.mataf.net/images/_V3img/fleches/up_arrow_16.png[/img] [url="http://www.mataf.net/en/forex/usdjpy"]USD/JPY - US Dollar / Yen[/url][/b]
[b]Entry[/b]: 87.05
[b]Stop[/b]: 86.85
[b]Resistances[/b]: 88.05 - 87.6 - 87.3
[b]Supports[/b]: - -

[b][img]http://www.mataf.net/images/_V3img/fleches/down_arrow_16.png[/img] [url="http://www.mataf.net/en/forex/eurgbp"]EUR/GBP ...

EURUSD Forecast
The EURUSD continued its bullish momentum yesterday, topped at 1.2953 and closed at 1.2946. The bias remains bullish in nearest term targeting 1.3000 and 1.3125 region. Immediate support at 1.2850. Break below that area could lead us into neutral zone in nearest term but the we are still in a strong bullish phase now and only a movement below the minor bullish channel (red channel) and 1.2750 area could diminish the current strong bullish momentum testing 1.2650 area.




GBPUSD Forecast
The GBPUSD continued its bullish momentum yesterday, topped at 1.5470 and closed at 1.5459. On daily chart below we can see price break above the ...

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