TODAY`S FOREX MARKET OUTLOOK FROM ACETRADER - EUR/USD

Tuesday, January 27, 2004
Daily report
Trendsetter Financial Markets Ltd.
http://www.acetrader.com



USD/YEN - 106.28

Another day of choppy trading is in store and as long as support 105.70 holds, mild upside
bias is seen but above 106.83 is needed to retain bullishness, bring strong retracement of
recent decline from 107.92 but 107.35/40 should remain intact, yield further sideways
consolidation...



INTRA-DAY EUR/USD OUTLOOK
(Update at 01:59GMT 2004/01/27)

As euro has remained under pressure, suggesting initial downside bias remains for Friday`s
decline from 1.2776 to extend marginal weakness but loss of near term downward
momentum would prevent sharp fall below 1.2420/25, yield rebound later.

Suggest to buy at 1.2445, stop at 1.2415. Above 1.2500 would signal possible low formed,
1.2526 first..


Rate: 1.2463
Strategy / Entry Level: Buy at 1.2445
Position:

Objective: 1.2495
Stop-Loss: 1.2415
Range Forecast: 1.2455 / 1.2485
Resistance: 1.2526/1.2615/1.2660
Support: 1.2457/1.2433/1.2400


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.