AceTrader 2-wk TRIAL
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INTRA-DAY EUR/USD OUTLOOK
Although euro has maintained a steady to firm
undertone in Asian morning after y'day's selloff to
a 3-week low at 1.2407 in Europe, as long as 1.2462
(reaction high) holds, downside bias remains for a
re-test of 1.2407, below 1.2414 (NY) confirms.
Sell on recovery for this move n only 1.2480/85
aborts bearishness, risks correction twd 1.2500/03.
Range Forecast
1.2435 / 1.2460
Resistance/Support
R: 1.2462/1.2485/1.2503
S: 1.2434/1.2407/1.2386
Last Update At
29 Jun 2012 02:26 GMT
Rate
1.2450
Strategy/Entry Level
Sell at 1.2460
Objective
1.2430
Stop-Loss
1.2475
Although euro has maintained a steady to firm
undertone in Asian morning after y'day's selloff to
a 3-week low at 1.2407 in Europe, as long as 1.2462
(reaction high) holds, downside bias remains for a
re-test of 1.2407, below 1.2414 (NY) confirms.
Sell on recovery for this move n only 1.2480/85
aborts bearishness, risks correction twd 1.2500/03.
Range Forecast
1.2435 / 1.2460
Resistance/Support
R: 1.2462/1.2485/1.2503
S: 1.2434/1.2407/1.2386
Last Update At
29 Jun 2012 02:26 GMT
Rate
1.2450
Strategy/Entry Level
Sell at 1.2460
Objective
1.2430
Stop-Loss
1.2475
