EUR/USD Daily Outlook

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EUR/USD Daily Outlook
Wed, Aug 20 2008, 03:55 GMT
by AceTrader Team
AceTrader
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INTRA-DAY EUR/USD OUTLOOK: 1.4758
Updating time : 20 Aug 2008 02:36 GMT
Euro's retreat fm 1.4807 suggests further conso-
lidation below there is in store but as yesterday's
rally fm 1.4630 signals recent decline has formed a
temp. low, reckon 1.4745/50 wud limit downside n
yield another rebound later.
Hold long n exit on rise as abv 1.4807 needed to
extend twd 1.4830. Below 1.4708 aborts bullishness.
Range Forecast
1.4750 / 1.4775
Resistance/Support
R: 1.4807/1.4827/1.4857
S: 1.4745/1.4708/1.4670
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Published on
Wed, Aug 20 2008, 04:01 GMT
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