INTRA-DAY EUR/USD OUTLOOK

INTRA-DAY EUR/USD OUTLOOK

Euro has finally eased after y'day's rally fm1.2880 (NY) to as high as 1.2961 in Aust. earlier,as the breach of 1.2946 res signals correction fmTue's 3-week high at 1.3010 has ended, consolida-tion with upside bias remains for gain twd 1.2970.

Buy on dips for 1.2960 1st n only below 1.2912/15 wud abort intra-day bullishness on euro.

Range Forecast
1.2940 / 1.2960

Resistance/Support
R: 1.2970/1.2999/1.3010
S: 1.2915/1.2880/1.2834

Last Update At
29 Nov 2012 01:46 GMT

Rate
1.2951

Strategy
Buy at 1.2945

Objective
1.2970

Stop-Loss
1.2930
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