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 en-
visaged, 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

http://www.acetraderfx.com