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INTRA-DAY EUR/USD OUTLOOK:             1.2816

Updating time : 21 Nov 2006 12:12 GMT


Euro's retreat after brief bounce to 1.2830/32
suggests consolidation with downside bias remains n
below 1.2805/08 wud retain intra-day bearishness
for nr term decline fm 1.2852 to extend weaknsss to
1.2798 n possibly 1.2780/84 later.

Trade fm short side, stop as indicated n only
abv 1.2840 wud signal upmove has resumed to 1.2852.

Range Forecast
1.2805 / 1.2830

Resistance/Support
R: 1.2852/1.2872/1.2901
S: 1.2798/1.2784/1.2762

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