EUR/USD Daily Outlook

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EUR/USD Daily Outlook
Thu, Oct 2 2008, 05:31 GMT
by AceTrader Team
AceTrader
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INTRA-DAY EUR/USD OUTLOOK: 1.3983
Updating time :02 Oct 2008 04:28 GMT
Although euro has rebounded after intra-day
brief fall to a marginal low at 1.3931, abv indica-
ted res at 1.4015 is needed to signal temp. low has
been formed there n bring retracement of recent de-
cline to 1.4040 n later twds 1.4070/80.
Below 1.3931 wud extend weakness to 1.3900/10
b4 correction due to loss of momentum. Stand aside.
Range Forecast
+1.3931 / 1.3970+
Resistance/Support
R: 1.4015/1.4040/1.4091
S: 1.3931/1.3882/1.3840
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Published on
Thu, Oct 2 2008, 05:33 GMT
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