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INTRA-DAY EUR/USD OUTLOOK : 1.2724
Updating time : 02 Feb 2009 06:50 GMT
Although euro's intra-day weakness to 1.2710
(Asia) indicates downside bias remains for recent
decline to extend marginally to 1.2680/90, nr term
loss of momentum shud prevent steep fall n reckon
1.2650 wud hold fm here, yield a corrective bounce.
Stand aside n look to sell again on recovery as
only abv 1.2780/85 suggests low is possibly made...
Range Forecast
1.2710 / 1.2740
Resistance/Support
R: 1.2763/1.2800/1.2840
S: 1.2694/1.2627/1.2549
Updating time : 02 Feb 2009 06:50 GMT
Although euro's intra-day weakness to 1.2710
(Asia) indicates downside bias remains for recent
decline to extend marginally to 1.2680/90, nr term
loss of momentum shud prevent steep fall n reckon
1.2650 wud hold fm here, yield a corrective bounce.
Stand aside n look to sell again on recovery as
only abv 1.2780/85 suggests low is possibly made...
Range Forecast
1.2710 / 1.2740
Resistance/Support
R: 1.2763/1.2800/1.2840
S: 1.2694/1.2627/1.2549
