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INTRA-DAY EUR/USD OUTLOOK: 1.2556
Euro's rebound fm 1.2512 in part due to cross
buying vs yen suggests an intra-day low has been
formed n consolidation abv there wud be seen with
mild upside bias for gain to 1.2590/00 but 1.2630
shud hold n yield retreat later.
Below 1.2512 wud extend near term decline fm
1.2857 to 1.2480 n then 1.2450. Stand aside for now
Range Forecast
1.2535 / 1.2585
Resistance/Support
R: 1.2611/1.2748/1.2800
S: 1.2512/1.2450/1.2388
Updating time :17 Nov 2008 02:32 GMT
Euro's rebound fm 1.2512 in part due to cross
buying vs yen suggests an intra-day low has been
formed n consolidation abv there wud be seen with
mild upside bias for gain to 1.2590/00 but 1.2630
shud hold n yield retreat later.
Below 1.2512 wud extend near term decline fm
1.2857 to 1.2480 n then 1.2450. Stand aside for now
Range Forecast
1.2535 / 1.2585
Resistance/Support
R: 1.2611/1.2748/1.2800
S: 1.2512/1.2450/1.2388
