INTRA-DAY EUR/USD OUTLOOK

Last Update At 06 Sep 2010 09:00 GMT

Rate : 1.2880

Despite initial marginal gain to 1.2920 at Euro-
pean opening, failure to penetrate daily res at 1.2
923 has pushed euro lower, suggesting recent upmove
has possibly made a temp. top but below initial sup
1.2871 needed to confirm n yield 1.2856 later.

Lower short entry for this move n only abv 1.29
20/23 wud risk marginal gain to 1.2940/50 b4 down.

Range Forecast

1.2871 / 1.2905

Resistance/Support

R: 1.2920/1.2933/1.2961
S: 1.2871/1.2856/1.2808