EUR/USD Daily Outlook

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EUR/USD Daily Outlook
Thu, Aug 28 2008, 01:30 GMT
by AceTrader Team
AceTrader
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INTRA-DAY EUR/USD OUTLOOK: +1.4750+
Updating time : 28 Aug 2008 01:29 GMT
Despite euro's retreat fm y'day's high at 1.4777
to 1.4666, subsequent strg rebound suggests pull-
back has ended there n abv said res wud extend this
week's corrective rise fm 1.4570 twd 1.4809 later.
Turn cautious buyer for this move n only below
1.4712(Aust.) wud abort near term bullishness n may
risk weakness twd 1.4666...
Range Forecast
+1.4750 / 1.4775+
Resistance/Support
R: 1.4777/1.4809/1.4862
S: 1.4712/1.4666/1.4634
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Published on
Thu, Aug 28 2008, 01:32 GMT
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