DAILY EUR/USD OUTLOOK - 1.3808 22 Apr 2014 23:03GMT
Although euro has staged a brief rebound fm
y'day's low at 1.3785 to 1.3825 (NY), as long as
1.3825/31 res area holds, fall fm 1.3906 to correct
upmove fm Apr's 1-month low at 1.3672 shud resume
twd 1.3761 (61.8% r) but 1.3748 wud remain intact.
Hold short for this move n only abv 1.3831 sig-
nals temp. low is made, risks retrace. twd 1.3865.
STRATEGY : Hold short
POSITION : Short at 1.3830
OBJECTIVE : 1.3760
STOP-LOSS : 1.3835
RES : 1.3831/1.3865/1.3906
SUP : 1.3785/1.3761/1.3737
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