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INTRA-DAY EUR/USD OUTLOOK
Although euro has rebounded fm 1.2249 to 1.2277
due to cross buying versus the sterling after the
news (see 08:26 MMN), current retreat suggests con
solidation with mild downside bias wud be seen but
below 1.2249 needed for re-test of 1.2225 sup.
Trade fm short side with stop abv said lvl n only
1.2289 res (Asia) wud signal low is made, 1.2297.
Range Forecast
1.2249 / 1.2277
Resistance/Support
R: 1.2289/1.2297/1.2330
S: 1.2249/1.2225/1.2200
Last Update At
31 Jul 2012 09:19 GMT
Rate
1.2261
Position
Short at 1.2265
Strategy/Entry Level
Hold short
Objective
1.2230
Stop-Loss
1.2280
Although euro has rebounded fm 1.2249 to 1.2277
due to cross buying versus the sterling after the
news (see 08:26 MMN), current retreat suggests con
solidation with mild downside bias wud be seen but
below 1.2249 needed for re-test of 1.2225 sup.
Trade fm short side with stop abv said lvl n only
1.2289 res (Asia) wud signal low is made, 1.2297.
Range Forecast
1.2249 / 1.2277
Resistance/Support
R: 1.2289/1.2297/1.2330
S: 1.2249/1.2225/1.2200
Last Update At
31 Jul 2012 09:19 GMT
Rate
1.2261
Position
Short at 1.2265
Strategy/Entry Level
Hold short
Objective
1.2230
Stop-Loss
1.2280
