Intraday trading signal by AceTrader - EUR/USD

Rate: 1.2485

Updating time : 04 Mar 2009 01:06 GMT

Although euro has recovered after anticipated
selloff to 1.2457, as intra-day selloff below
1.2513 (now res) confirms decline fm 1.4720 has
resumed, further weakness to 1.2454 n then 1.2423
is envisaged after minor consolidation.

Sell again on pullback with stop as indicated
n only abv 1.2548 wud signal temp. low is made...

Range Forecast
1.2470 / 1.2510

Resistance/Support
R: 1.2548/1.2597/1.2653
S: 1.2454/1.2423/1.2400

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