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INTRA-DAY EUR/USD OUTLOOK: 1.2846
Euro's retreat after rising to marginal high at
1.2898 suggests an intra-day top has possibly been
made n consolidation with mild downside bias is
seen for pullback to 1.2800/10 but below needed for
correction of nr term upmove fm 1.2653 to 1.2750.
Abv 1.2898 wud revive bullishness for gain to
1.2932 n then 1.2980/90. Stand aside for now...
Range Forecast
1.2830 / 1.2870
Resistance/Support
R: 1.2898/1.2932/1.2977
S: 1.2794/1.2723/1.2653
Updating time :10 Nov 2008 06:02 GMT
Euro's retreat after rising to marginal high at
1.2898 suggests an intra-day top has possibly been
made n consolidation with mild downside bias is
seen for pullback to 1.2800/10 but below needed for
correction of nr term upmove fm 1.2653 to 1.2750.
Abv 1.2898 wud revive bullishness for gain to
1.2932 n then 1.2980/90. Stand aside for now...
Range Forecast
1.2830 / 1.2870
Resistance/Support
R: 1.2898/1.2932/1.2977
S: 1.2794/1.2723/1.2653
