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Monday, August 13, 2007

AceTrader: Daily Outlook

Pair : EUR/USD
Update Time : 13 Aug 2007 08:00
Next Update : 00:30GMT
Rate : 1.3667


Euro's retreat after meeting selling interest at 1.3709 suggests the recovery from last Friday's low at 1.3642 has ended there and re-test of this support is envisaged, below would extend marginal weakness but broad outlook is consolidative and reckon 1.3609 would contain downside.
Only above 1.3730/35 would prolong choppy trading inside the range of 1.3609-1.3840 and bring rebound to 1.3770 later

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