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EUR/USD Daily Outlook

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EUR/USD Daily Outlook

Fri, Nov 28 2008, 09:12 GMT
by AceTrader Team

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INTRA-DAY EUR/USD OUTLOOK         +1.2900+

Updating time :28 Nov 2008 09:06 GMT


Despite euro's intra-day cross-inspired rebound,
outlook remains consolidative n as long as 1.2968
res holds, mild downside bias is seen for another
retreat to 1.2890 but reckon sup at 1.2859 wud con-
tain weakness n yield further choppy trading.

Trade fm short side, stop abv there, break sig-
nals pullback fm 1.3081 has possibly ended, 1.3000.

Range Forecast
+1.2885 / 1.2915+

Resistance/Support
R: 1.2968/1.3028/1.3081
S: 1.2880/1.2859/1.2819

Archive

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