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INTRA-DAY EUR/USD OUTLOOK
Euro's present retreat after early brief rise
abv y'day's NY 1.3270 high ahead of European open
suggests a temp. top is possibly made n consolida-
tion with mild downside bias is seen for a retrace.
to 1.3243/45 but 1.3235 wud contain weakness.
Turn cautious seller on recovery n buy dips for
day trade. Abv 1.3288 risks 1.3300/05 b4 correction
Range Forecast
+1.3245 / 1.3275+
Resistance/Support
R: 1.3288/1.3302/1.3332
S: 1.3235/1.3206/1.3169
Rate
+1.3264+
Position
+Short at 1.3275+
Strategy/Entry Level
+Hold short+ for st trade
Objective
1.3245
Stop-Loss
+1.3280+
Last Update At
08 Feb 2012 07:28 GMT
Euro's present retreat after early brief rise
abv y'day's NY 1.3270 high ahead of European open
suggests a temp. top is possibly made n consolida-
tion with mild downside bias is seen for a retrace.
to 1.3243/45 but 1.3235 wud contain weakness.
Turn cautious seller on recovery n buy dips for
day trade. Abv 1.3288 risks 1.3300/05 b4 correction
Range Forecast
+1.3245 / 1.3275+
Resistance/Support
R: 1.3288/1.3302/1.3332
S: 1.3235/1.3206/1.3169
Rate
+1.3264+
Position
+Short at 1.3275+
Strategy/Entry Level
+Hold short+ for st trade
Objective
1.3245
Stop-Loss
+1.3280+
Last Update At
08 Feb 2012 07:28 GMT
