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INTRA-DAY EUR/USD OUTLOOK 1.2676
Last Update At 24 Feb 2009 00:30 GMT
Although euro's intra-day weakness suggests
decline fm y'day's high of 1.2992 may extend
marginally fm here, nr term o/sold condition shud
limit downside to 1.2647 n risk has increased for
a rebound later.
Wud not chase current fall n look to sell on
recovery as 1.2772 shud cap upside....
Range Forecast
1.2662 / 1.2700
Resistance/Support
R: 1.2772/1.2830/1.2875
S: 1.2647/1.2600/1.2557
Last Update At 24 Feb 2009 00:30 GMT
Although euro's intra-day weakness suggests
decline fm y'day's high of 1.2992 may extend
marginally fm here, nr term o/sold condition shud
limit downside to 1.2647 n risk has increased for
a rebound later.
Wud not chase current fall n look to sell on
recovery as 1.2772 shud cap upside....
Range Forecast
1.2662 / 1.2700
Resistance/Support
R: 1.2772/1.2830/1.2875
S: 1.2647/1.2600/1.2557
