*Last Updated January 20, 2006, 1:47 am

Daily report by Acetrader

Website: http://www.acetrader.com

Email: query@acetrader.com

DAILY EUR/USD OUTLOOK: 1.1867

EUROPEAN CLOSING EUR/YEN OUTLOOK - +139.50+

Update Time: 19 Jan 2006 17:26GMT

Euro has recovered after finding renewed buying at 138.83, retaining upside bias for a rebound to indicated obj. but abv 139.75 is needed to confirm correction fm y'day's high at 140.12 has ended n yield further subsequent gain.

Trade fm long side, stop there, break wud risk stronger retracement to 138.62/65...

Rate: +139.50+
Strategy: +Target met+
Position: Long at 139.05
Objective: 139.50
Stop-Loss:
Resistance: 139.75/140.12/140.50
Support: 138.80/138.62/138.05

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DAILY GBP/USD OUTLOOK - +1.7630+

Update Time: 19 Jan 2006 15:43GMT

Although cable has rebounded after trading abv sup at 1.7520, abv 1.7586/90 is needed to confirm low has been formed n bring further subsequent gain twds 1.7645, however, as outlook remains consolida- tive, res at 1.7706 shud cap upside.

Trade fm long side, stop as indicated n raise it on break of said res lvl...

Rate: +1.7630+
Strategy: +Target met+
Position: Long at 1.7535
Objective: 1.7630
Stop-Loss:
Resistance: 1.7645/1.7706/1.7798
Support: 1.7520/1.7464/1.7410

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EUROPEAN CLOSING EUR/USD OUTLOOK - +1.2120+

Update Time: 19 Jan 2006 15:43GMT

Current rebound fm 1.2053 suggests an intra-day low has been formed there n consolidation with up- side bias remains for gain twds 1.2124, however, as price is expected to gyrate inside recent range, res at 1.2162 shud hold.

Buy again on dips, stop as indicated, break wud risk another fall to 1.2051/53...

Rate: +1.2120+
Strategy: +Target met+
Position: +Long at 1.2085+
Objective: 1.2120
Stop-Loss:
Resistance: 1.2124/1.2162/1.2185
Support: 1.2051/1.2036/1.2006

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EUROPEAN CLOSING USD/CHF OUTLOOK - +1.2830+

Update Time: 19 Jan 2006 15:35GMT

Dlr's retreat after testing 1.2892 res suggests an intra-day top has 'possibly' been made n consoli dation with downside bias is seen but below 1.2837/ 41 is needed to confirm n yield weakness to 1.2810/ 15 later today.

Trade fm short side with stop abv there, break wud risk stronger correction to 1.2936...

Rate: +1.2830+
Strategy: +Target met+
Position: Short at 1.2875
Objective: 1.2830
Stop-Loss:
Resistance: 1.2892/1.2936/1.2974
Support: 1.2841/1.2789/1.2724

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INTRA-DAY GBP/USD OUTLOOK - +1.7531+

Update Time: 19 Jan 2006 12:38GMT

Current price action suggests as long as o/head res 1.7586 (prev. sup) holds, downside bias remains for intra-day decline to extend to 1.7520/30 but o/sold condition is likely to bring rebound later.

For st trade, venture selling again for this move, stop as indicated, abv wud signal low is made n yield retrace. of y'day's fall to 1.7620/30...

Rate: +1.7531+
Strategy: +Target met+
Position: +Short at 1.7571+
Objective: 1.7531
Stop-Loss:
Resistance: 1.7586/1.7645/1.7706
Support: 1.7520/1.7487/1.7464

==================================
INTRA-DAY GBP/USD OUTLOOK - +1.7545+

Update Time: 19 Jan 2006 08:36GMT

Present breach of 1.7586 confirms this week's decline fm 1.7798 has resumed n further weakness to 1.7543/45 is envisaged, however, nr term o/sold con dition shud limit downside to 1.7520, risk fm there has increased for a rebound later.

Turn short on recovery with stop as indicated, break wud signal an intra-day low is made, 1.7645..

Rate: +1.7545+
Strategy: +Target met+
Position: Short at 1.7586
Objective: 1.7545
Stop-Loss:
Resistance: 1.7645/1.7706/1.7740
Support: 1.7543/1.7520/1.7487

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INTRA-DAY EUR/GBP CROSS OUTLOOK - +0.6885+

Update Time: 19 Jan 2006 08:12GMT

Euro's present firmness suggests as long as minor sup at 0.6854/55 (NY) holds, recent upmove fm 0.6811 shud bring a re-test of 0.6887 res but near term loss of momentum shud limit upside n key res at 0.6910 n yield retreat later.

Trade fm long side with stop below there, break wud prolong choppy trading n risk 0.6840...

Rate: +0.6885+
Strategy: +Target met+
Position: Long at 0.6865
Objective: 0.6885
Stop-Loss:
Resistance: 0.6879/0.6887/0.6910
Support: 0.6840/0.6811/0.6795

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