DAILY EUR/USD OUTLOOK : May 28, 2013

EUR  DAILY EUR/USD OUTLOOK - 1.2923

28 May 2013 06:52GMT

Although euro has rebounded after intra-day brief drop to 1.2884/85 n further 'choppy' trading wud continue, as long as 1.2994/98 res area holds, another decline to 1.2870/76 is still likely but reckon sup at 1.2821 wud hold fm here.

Still favour selling euro on further recovery, stop abv said res, break risks gain to 1.3030/33.

STRATEGY : Sell at 1.2965

OBJECTIVE : 1.2880

STOP-LOSS : 1.3005

RES : 1.2975/1.2998/1.3030

SUP : 1.2884/1.2855/1.2821
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