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INTRA-DAY EUR/USD OUTLOOK : +1.2851+
Updating time : 03 Feb 2009 07:24 GMT
Despite intra-day fall to 1.2818, lack of follow
through selling n current rebound suggest retrace.
to 1.2855/60 cannot be ruled out, however, reckon
1.2880 wud hold n yield another decline to 1.2805,
break wud confirm top is formed at 1.2914, 1.2770.
Exit short n sell again on further rise, stop as
indicated, break wud risk 1.2910/14 again...
Range Forecast
+1.2820 / 1.2860+
Resistance/Support
R: 1.2867/1.2914/1.2933
S: 1.2805/1.2737/1.2706
Updating time : 03 Feb 2009 07:24 GMT
Despite intra-day fall to 1.2818, lack of follow
through selling n current rebound suggest retrace.
to 1.2855/60 cannot be ruled out, however, reckon
1.2880 wud hold n yield another decline to 1.2805,
break wud confirm top is formed at 1.2914, 1.2770.
Exit short n sell again on further rise, stop as
indicated, break wud risk 1.2910/14 again...
Range Forecast
+1.2820 / 1.2860+
Resistance/Support
R: 1.2867/1.2914/1.2933
S: 1.2805/1.2737/1.2706
