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  DAILY DAILY EUR/USD OUTLOOK: 1.1698 BY ACETRADER

*Last Updated December 4, 2005, 4:05 pm
Daily report by Acetrader

Website: http://www.acetrader.com
Email: query@acetrader.com


 DAILY EUR/USD OUTLOOK: 1.1698


Update Time: 04 Dec 2005 23:21 GMT

Although euro has recovered after Friday's sell off to 1.1660 n consoldation is seen, 1.1750/54 shud limit upside n yield resumption of downtrend, below said sup confirms n brings re-test of 1.1640 low n then twd 1.1590/95 later this week.

Sell recovery with stop as indicated, abv pro- longs choppy trading inside 1.1640-1.1903, 1.1805..

Resistance/Support
R: 1.1754/1.1805/1.1862
S: 1.1660/1.1640/1.1593

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