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INTRA-DAY EUR/USD OUTLOOK 1.2834
Last Update At 10 Feb 2009 01:11 GMT
As euro's decline fm y'day's high at 1.3095 has
resumed, downside bias remains for a strg retrace.
of the erratic rise fm 1.2706 n further weakness
to 1.2780/90 is seen but near term o/sold condition
shud prevent steep fall n yield rebound later.
Sell on recovery for 1.2810 or buy at 1.2790
for 1.2850 but 1.2900/10 shud limit upside...
Range Forecast
1.2820 / 1.2860
Resistance/Support
R: 1.2874/1.2982/1.3095
S: 1.2819/1.2747/1.2706
Last Update At 10 Feb 2009 01:11 GMT
As euro's decline fm y'day's high at 1.3095 has
resumed, downside bias remains for a strg retrace.
of the erratic rise fm 1.2706 n further weakness
to 1.2780/90 is seen but near term o/sold condition
shud prevent steep fall n yield rebound later.
Sell on recovery for 1.2810 or buy at 1.2790
for 1.2850 but 1.2900/10 shud limit upside...
Range Forecast
1.2820 / 1.2860
Resistance/Support
R: 1.2874/1.2982/1.3095
S: 1.2819/1.2747/1.2706
