INTRA-DAY EUR/USD OUTLOOK

Last Update At 06 Sep 2010 04:29 GMT

Rate : 1.2898

Although euro has edged higher after intra-day
brief pullback fm 1.2904 (NZ) to 1.2871, as long as
said minor top holds, further range-trading is seen
b4 recent erratic rise extend twd res at 1.2923 but
loss of momentum wud limit gain to 1.2935/40.

Buy on dips for 1.2905 or sell if price climbs
to 1.2920 1st for another retreat to 1.2885.

Range Forecast

1.2875 / 1.2904

Resistance/Support

R: 1.2904/1.2923/1.2961
S: 1.2871/1.2856/1.2808