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EUR/USD Daily Outlook

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EUR/USD Daily Outlook

Wed, Oct 8 2008, 08:26 GMT
by AceTrader Team

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INTRA-DAY EUR/USD OUTLOOK            +1.3630+

Updating time :08 Oct 2008 08:24 GMT

As euro has rebounded after intra-day retreat
fm 1.3690 to 1.3612, suggesting consolidation with
mild upside bias wud be seen but break of said res
is needed to retain bullishness n extend gain twds
1.3743 later.

Buy again on dips with stop as indicated, break
wud risk weakness to 1.3550/60...

Range Forecast
+1.3625 / 1.3660+

Resistance/Support

R: 1.3690/1.3743/1.3800
S: 1.3612/1.3544/1.3515

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