2011/03/02

euro has recovered

Although euro has recovered after brief breach of y'day's NY 1.3762 sup to 1.3744 n sideways trading wud be seen, as long as Asian 1.3787 res holds, nr term decline fm Mon's high of 1.3857 to retrace recent upmove wud resume to 1.3730 n then 1.3712.

Sell on pullback with stop at 1.3795, break wud
risk stronger gain but 1.3854/57 res wud hold.

Range Forecast
1.3744 / 1.3770

Resistance/Support
R: 1.3795/1.3862/1.3900
S: 1.3730/1.3712/1.3693

http://www.acetraderfx.com

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