INTRA-DAY EUR/USD OUTLOOK

Although euro has eased after extending y'day's rise fm 1.2217 to 1.2298, as long as 1.2255 holds, marginal gain to 1.2300 is still envisaged but abv 1.2306 res needed to signal recent upmove fm 1.2162 has resumed for re-test of 1.2317, 1.2334.

Buy on dips for 1.2295 1st n only firm break of1.2255 aborts nr term bullishness, risks 1.2225/30.

Range Forecast
1.2270 / 1.2290

Resistance/Support
R: 1.2295/1.2306/1.2317
S: 1.2255/1.2217/1.2211

Last Update At
19 Jul 2012 05:32 GMT

Rate Position
1.2280