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INTRA-DAY EUR/USD OUTLOOK:               1.5657

Updating time : 24 Jul 2008 08:12 GMT


Although euro has fallen after the release of
worse-than-expected German Ifo index n marginal
weakness to 1.5640/45 cannot be ruled out, loss of
downward momentum shud prevent sharp decline n rec-
kon 1.5620/25 wud hold.

Wud not chase this move here n stand aside. Abv
1.5708 wud confirm temp. low is made, 1.5735/40...

Range Forecast
1.5645 / 1.5675

Resistance/Support
R: 1.5708/1.5758/1.5798
S: 1.5635/1.5611/1.5585
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