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INTRA-DAY EUR/USD OUTLOOK 1.2619
Last Update At 20 Feb 2009 01:49 GMT
Euro's intra-day weakness after the breach of
1.2651 indicates near term downside bias remains
for the retreat fm y'day's high at 1.2762 to extend
to 1.2580/90 but as broad outlook is consolidative,
1.2550/60 shud hold in Asia.
Abv 1.2650/55 wud bring rebound to 1.2702 but
break needed to signal pullback fm 1.2762 has ended
Range Forecast
1.2605 / 1.2640
Resistance/Support
R: 1.2651/1.2702/1.2762
S: 1.2597/1.2571/1.2513
Last Update At 20 Feb 2009 01:49 GMT
Euro's intra-day weakness after the breach of
1.2651 indicates near term downside bias remains
for the retreat fm y'day's high at 1.2762 to extend
to 1.2580/90 but as broad outlook is consolidative,
1.2550/60 shud hold in Asia.
Abv 1.2650/55 wud bring rebound to 1.2702 but
break needed to signal pullback fm 1.2762 has ended
Range Forecast
1.2605 / 1.2640
Resistance/Support
R: 1.2651/1.2702/1.2762
S: 1.2597/1.2571/1.2513
