EUR/USD Daily Outlook

EUR/USD Daily Outlook

Thu, May 8 2008, 04:43 GMT
by AceTrader Team

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INTRA-DAY EUR/USD OUTLOOK:               1.5315

Updating time :08 May 2008 04:27 GMT


Despite intra-day anticipated selloff, as euro
has recovered fm 1.5285, suggesting minor consolida
tion abv there wud be seen with upside bias, how-
ever, a firm breach of 1.5360/66 (previous sup) is
needed to bring correction twd 1.5409/10.

Hold long with stop below said sup as break may
risk further weakness to 1.5260/65 b4 rebound...

Range Forecast
1.5305 / 1.5330

Resistance/Support
R: 1.5333/1.5360/1.5410
S: 1.5285/1.5265/1.5230
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Published on  Thu, May 8 2008, 05:44 GMT

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