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INTRA-DAY EUR/USD OUTLOOK: +1.2985+
Despite intra-day rebound fm 1.2946, current
price action suggests as long as 1.3010 holds, mild
downside bias remains for marginal weakness twds 1.
2924, however, as outlook is consolidative, reckon
1.2880/90 wud remain intact.
Sell on recovery with stop as indicated, break
wud signal low is formed n risk 1.3040/50...
Range Forecast
1.2950 / 1.2990
Resistance/Support
R: 1.3001/1.3031/1.3081
S: 1.2946/1.2924/1.2882
Updating time :26 Nov 2008 07:26 GMT
Despite intra-day rebound fm 1.2946, current
price action suggests as long as 1.3010 holds, mild
downside bias remains for marginal weakness twds 1.
2924, however, as outlook is consolidative, reckon
1.2880/90 wud remain intact.
Sell on recovery with stop as indicated, break
wud signal low is formed n risk 1.3040/50...
Range Forecast
1.2950 / 1.2990
Resistance/Support
R: 1.3001/1.3031/1.3081
S: 1.2946/1.2924/1.2882
