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DAILY EUR/USD OUTLOOK - 1.3008
04 Mar 2013 08:08GMT
Despite euro's short-covering rebound fm Fri's 2-1/2 mth low at 1.2966, reckon 1.3053 (prev. sup) wud cap intra-day recovery n yield resumption of decline fm 1.3711 (Feb) to 1.2950, nr term 'loss of momentum' shud keep price abv 1.2900/10 today.
Sell again for this move n only a daily close abv 1.3101 confirms temp. low made, 1.3137, 1.3163.
STRATEGY : Sell at 1.3040
OBJECTIVE: 1.295
STOP-LOSS: 1.308
RES: 1.3053/1.3101/1.3137
SUP: 1.2966/1.2933/1.2876
04 Mar 2013 08:08GMT
Despite euro's short-covering rebound fm Fri's 2-1/2 mth low at 1.2966, reckon 1.3053 (prev. sup) wud cap intra-day recovery n yield resumption of decline fm 1.3711 (Feb) to 1.2950, nr term 'loss of momentum' shud keep price abv 1.2900/10 today.
Sell again for this move n only a daily close abv 1.3101 confirms temp. low made, 1.3137, 1.3163.
STRATEGY : Sell at 1.3040
OBJECTIVE: 1.295
STOP-LOSS: 1.308
RES: 1.3053/1.3101/1.3137
SUP: 1.2966/1.2933/1.2876
