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INTRA-DAY EUR/USD OUTLOOK: 1.2500
Euro's strg rebound fm 1.2423 on cross buying vs
yen n chf indicates an intra-day low has been made
n consolidation with mild upside bias is seen for
correction of recent decline to 1.2520/30 but abv
1.2560 is needed to abort daily bearishness.
Below 1.2445/50 wud yield another fall to said
sup n then twds 1.2388. Stand aside for now...
Range Forecast
1.2470 / 1.2520
Resistance/Support
R: 1.2532/1.2595/1.2613
S: 1.2423/1.2388/1.2329
Updating time :21 Nov 2008 04:29 GMT
Euro's strg rebound fm 1.2423 on cross buying vs
yen n chf indicates an intra-day low has been made
n consolidation with mild upside bias is seen for
correction of recent decline to 1.2520/30 but abv
1.2560 is needed to abort daily bearishness.
Below 1.2445/50 wud yield another fall to said
sup n then twds 1.2388. Stand aside for now...
Range Forecast
1.2470 / 1.2520
Resistance/Support
R: 1.2532/1.2595/1.2613
S: 1.2423/1.2388/1.2329
