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INTRA-DAY EUR/USD OUTLOOK 1.2600
Last Update At 18 Feb 2009 02:20 GMT
Despite initial marginal weakness to 1.2558 in
Australia, euro's subsequent rebound suggests an
intra-day low has possibly been made n mild upside
bias is seen for a minor retrace. of recent decline
but abv 1.2640 is needed to extend gain twd 1.2674.
Incline to raise long entry with stop below said
sup n take profit on such rise...
Range Forecast
1.2580 / 1.2615
Resistance/Support
R: 1.2631/1.2674/1.2706
S: 1.2549/1.2469/1.2400
Last Update At 18 Feb 2009 02:20 GMT
Despite initial marginal weakness to 1.2558 in
Australia, euro's subsequent rebound suggests an
intra-day low has possibly been made n mild upside
bias is seen for a minor retrace. of recent decline
but abv 1.2640 is needed to extend gain twd 1.2674.
Incline to raise long entry with stop below said
sup n take profit on such rise...
Range Forecast
1.2580 / 1.2615
Resistance/Support
R: 1.2631/1.2674/1.2706
S: 1.2549/1.2469/1.2400
