EUR/USD Daily Outlook

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EUR/USD Daily Outlook
Mon, Aug 25 2008, 01:02 GMT
by AceTrader Team
AceTrader
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INTRA-DAY EUR/USD OUTLOOK: 1.4747
Updating time : 25 Aug 2008 00:15 GMT
Euro's selloff to 1.4759 Friday due to dlr's
broad-based rally confirms the correction fm last
week's low at 1.4630 has ended earlier at 1.4909 n
downside bias remains for further weakness twd 1.47
12 n 1.4690/95 b4 rebound due to o/sold condition.
Sell on recovery for this move n only abv 1.4792
(Aust.) wud signal intra-day low is made...
Range Forecast
1.4732 / 1.4760
Resistance/Support
R: 1.4792/1.4834/1.4863
S: 1.4712/1.4672/1.4630
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Published on
Mon, Aug 25 2008, 01:29 GMT
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