03 Dec 2008 01:02 GMT

Euro's stronger-than-expected rebound fm 1.2562
to 1.2767 on cross trading suggests caution on our
short n said res needs to hold for prospect of a
retreat, below said sup wud extend recent fall fm
1.3081 has resumed n yield weakness twd 1.2520.
Trade fm short side, stop abv there, break wud
risk correction to 1.2819 but 1.2883 shud hold...

Next Update
08:00GMT

Resistance/Support
R: 1.2767/1.2859/1.2968
S: 1.2622/1.2562/1.2423