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EUROPEAN CLOSING EUR/USD OUTLOOK:              1.2940

Updating time : 22 Nov 2006 15:13 GMT

Euro's intra-day rally suggests recent upmove
remains in progress for gain to 1.2960/65, however,
o/bot condition wud cap price below 1.2980 res on
1st testing n bring a correction later today.

      Buy on dips with stop as indicated n break
wud signal a temp. top is possibly made n risk a
minor retrace. twds 1.2860/65...

Range Forecast
1.2920 / 1.2950

Resistance/Support
R: 1.2980/1.3000/1.3030
S: 1.2901/1.2872/1.2840

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