FOREX MARKET OUTLOOK FROM ACETRADER - EUR/USD
Thursday, November 13, 2003
Daily report
Trendsetter Financial Markets Ltd.
http://www.acetrader.com



EUR/USD - 1.1643
Yesterday`s rally confirms the correction from 1.1862 has indeed ended at 1.1376 and upside
bias is seen for further gain to 1.1700 after minor consolidation, however, a daily close
above 1.1758 is needed to signal medium term uptrend has finally resumed. On downside,
below 1.1557 support would signal top seen, bring retracement towards 1.1505 before up.


INTRA-DAY EUR/USD OUTLOOK

(Update at 00:08GMT 2003/11/13)

As euro has rebounded after finding renewed buying at 1.1628, suggesting upside bias is for
early upmove from 1.1376 to extend gain to 1.1670/75 and possibly towards 1.1700 but
reckon 1.1715/20 would hold initially due to overbought condition.

Suggest to hold long, stop below said support and take profit on subsequent rise.


Rate: 1.1654
Strategy / Entry Level: Hold long
Position: Long at 1.1640
Objective: 1.1670/75
Stop-Loss: 1.1620
Range Forecast: 1.1530 / 1.1560
Resistance: 1.1661/1.1700/1.1718
Support: 1.1584/1.1545/1.1505



REALTIME INTRADAY forex trading signals and commentaries which are used by BANKS
through Reuters for MORE than 15 years are now available to individual users. Lead by world
renowned technical analyst Wilson Leung, our team of analysts monitors the FOREX market
24 HOURS A DAY. Please visit us at www.acetrader.com for more information



DISCLAIMER
Trendsetter does not warrant or guarantee the accuracy, timeliness or completeness to its
service or information contained therein. Trendsetter does not give, whatsoever, warranties,
expressed or implied, to the results to be obtained by using its services or information it
provided. Users are trading on their own risk and Trendsetter shall not be responsible under
any circumstances for the consequences of such activities. Trendsetter and its affiliates, in no
event, be liable to users or any third parties for any consequential damages, however
arising, including but not limited to damages caused by negligence whether such damages
were foreseen or unforeseen.