DAILY EUR/USD OUTLOOK

Y'day's anticipated breach of Mon's 7-1/2 monthhigh of 1.3191 to 1.3256 today confirms MT rise fm 1.2042(Jul) to retrace LT intermediate fall fm 1.4940 remains in force for further gain to 1.3284 (Maytop) but o/bot condition wud cap price at 1.3300.

Buy again on dips n only below 1.3145 indicatestemp. top is made n risks retrace. twd 1.3100/10.

Resistance/Support
R: 1.3284/1.3342/1.3385
S: 1.3191/1.3145/1.3120

Last Update At
19 Dec 2012 07:52 GMT

Rate
1.3240

Strategy
Buy at 1.3205

Objective
1.3275

Stop-Loss
1.3170