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INTRA-DAY EUR/USD OUTLOOK :1.3017
Updating time : 22 Jan 2009 08:37 GMT
Although euro has continued to 'gyrate' inside
the nr term range of 1.2944-1.3087 n further choppy
trading is likely, below 1.2965/70 is needed for
another fall to 1.2944 (Asia) n break wud bring a
retrace. of nr term rise fm 1.2825 to 1.2900/10.
Abv 1.3055/60 wud indicate corrective upmove fm
y'day's 1.2825 low has resumed, 1.3087 n 1.3110/20.
Range Forecast
1.2990 / 1.3030
Resistance/Support
R: 1.3059/1.3087/1.3118
S: 1.2968/1.2944/1.2856
Updating time : 22 Jan 2009 08:37 GMT
Although euro has continued to 'gyrate' inside
the nr term range of 1.2944-1.3087 n further choppy
trading is likely, below 1.2965/70 is needed for
another fall to 1.2944 (Asia) n break wud bring a
retrace. of nr term rise fm 1.2825 to 1.2900/10.
Abv 1.3055/60 wud indicate corrective upmove fm
y'day's 1.2825 low has resumed, 1.3087 n 1.3110/20.
Range Forecast
1.2990 / 1.3030
Resistance/Support
R: 1.3059/1.3087/1.3118
S: 1.2968/1.2944/1.2856
