INTRA-DAY EUR/USD OUTLOOK

INTRA-DAY EUR/USD OUTLOOK

Y'day's sharp selloff fm 1.3087 to 1.2950 sig-nals decline fm Wed's near 7-month high of 1.3127to retrace recent upmove fm Nov's low at 1.2661 hastaken place n despite nr term sideways trading, reckon 1.3000 wud cap upside n yield another fall.

Sell on recovery, stop as indicated, break wud risk stronger gain to 1.3020 but 1.3042 wud hold.

Range Forecast
1.2960 / 1.2980

Resistance/Support
R: 1.3000/1.3020/1.3042
S: 1.2950/1.2915/1.2880

Last Update At
07 Dec 2012 02:20 GMT

Rate
1.2971

Strategy
Sell at 1.2980

Objective
1.2950

Stop-Loss
1.3000


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