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INTRA-DAY EUR/USD OUTLOOK: 1.4430
Updating time : 02 Nov 2007 02:26 GMT
Euro's recovery fm 1.4415 suggests further con-solidation abv y'day's low at 1.4404 wud be seen
but as long as 1.4479 (o/n NY high) holds, daily
bearishness remains for nr term decline fm 1.4508
to resume to 1.4404 n then twds 1.4374.
Stand aside n look to sell on further recovery.
Abv 1.4479 wud risk possible re-test of 1.4508 top.
Range Forecast
1.4415 / 1.4440
Resistance/Support
R: 1.4479/1.4508/1.4529
S: 1.4404/1.4374/1.4349
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