INTRA-DAY EUR/USD OUTLOOK

INTRA-DAY EUR/USD OUTLOOK

Despite euro's intra-day retreat fm 1.2946 (AUS)to 1.2925, subsequent minor recovery signals fur-ther choppy trading abv y'day's low at 1.2915 (NY)wud continue n a retrace. of the selloff fm 1.3010to 1.2950/55 is likely b4 prospect of another fall.

Sell on upmove to 1.2950 for 1.2920 1st, belowsaid NY low wud extend weakness to 1.2895/00 later.

Range Forecast
1.2925 / 1.2950

Resistance/Support
R: 1.2970/1.2991/1.3010
S: 1.2915/1.2899/1.2875

Last Update At
28 Nov 2012 02:18 GMT

Rate
1.2937

Strategy
Sell at 1.2950

Objective
1.2920

Stop-Loss
1.2965
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