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

Monday, March 1, 2004
Daily report
Trendsetter Financial Markets Ltd.
http://www.acetrader.com



USD/YEN - 109.27


Although Friday`s decline to 108.85 confirms recent upmove from 105.16 has finally made a
temporary top at 109.84 and a day of consolidation is envisaged, as long as said resistance
holds, downside bias remains for a minor correction of aforesaid rise later today toward
108.35 but last week`s strong support at 108.04/07 should remain intact, bring resumption of
upmove later this week.


INTRA-DAY EUR/USD OUTLOOK
(Update at 01:24 GMT 2004/03/01)

As euro has maintained a firm undertone after intra-day rise to 1.2537, suggesting Friday`s
rally from 1.2372 to retrace recent decline would extend gain to 1.2550 but overbought
condition should cap price below 1.2580/84 in Asia and yield strong retreat later.

For st trade, buy dips for this move and exit on such rise. Below 1.2490 confirms top,
1.2455/60.


Rate: 1.2527
Strategy / Entry Level: Buy at 1.2515 for st trade
Position:

Objective: 1.2545
Stop-Loss: 1.2490
Range Forecast: 1.2515 / 1.2537
Resistance: 1.2545/1.2596/1.2651

Support: 1.2476/1.2450/1.2407



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.