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INTRA-DAY EUR/USD OUTLOOK :1.3700
Updating time : 05 Jan 2009 09:17 GMT
As euro has recovered after intra-day selloff
to 1.3660, suggesting minor consolidation abv this
lvl is in store n although retrace. to 1.3740/50
cannot be ruled out, reckon 1.3770 wud hold n yield
another decline twds 1.3620/30.
Sell again on further rise, stop as indicated,
break wud risk 1.3810/20 b4 down...
Range Forecast
1.3690 / 1.3730
Resistance/Support
R: 1.3729/1.3824/1.3840
S: 1.3660/1.3600/1.3550
Updating time : 05 Jan 2009 09:17 GMT
As euro has recovered after intra-day selloff
to 1.3660, suggesting minor consolidation abv this
lvl is in store n although retrace. to 1.3740/50
cannot be ruled out, reckon 1.3770 wud hold n yield
another decline twds 1.3620/30.
Sell again on further rise, stop as indicated,
break wud risk 1.3810/20 b4 down...
Range Forecast
1.3690 / 1.3730
Resistance/Support
R: 1.3729/1.3824/1.3840
S: 1.3660/1.3600/1.3550
