INTRA-DAY EUR/USD OUTLOOK

Euro's intra-day recovery fm 1.2367 to 1.2401
suggests choppy trading abv y'day's near 5-week low
of 1.2364 wud continue n marginal gain abv 1.2407
(prev. sup) cannot be ruled out, however, reckon
1.2421 wud cap upside n yield retreat later.

Sell on further recovery for 1.2375 or buy at
1.2370 for prospect of a bounce to 1.2410.

Range Forecast
1.2380 / 1.2407

Resistance/Support
R: 1.2407/1.2421/1.2446
S: 1.2364/1.2352/1.2337

Last Update At
06 Jul 2012 09:26 GMT

Rate
1.2380

Strategy/Entry Level
1. Sell at 1.2410
or
2. Buy at 1.2370

Objective
1)1.2370 or 2)1.2410

Stop-Loss
20 points