AceTrader 2-wk TRIAL
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INTRA-DAY EUR/USD OUTLOOK
Euro has traded sideways in Asian morning after
early retreat fm 1.2429 (NY) to 1.2385 in Aust. n
sideways move is seen ahead of RBA rate decision,
as long as 1.2429 holds, consolidation below 1.2444
wud continue with mild downside bias.
Stand aside n buy dips for day trade as 1.2342
sup shud hold. Abv 1.2429, 1.2444, then 1.2473/78.
Range Forecast
1.2390 / 1.2415
Resistance/Support
R: 1.2429/1.2444/1.2478
S: 1.2385/1.2342/1.2325
Last Update At
07 Aug 2012 04:22 GMT
Rate
1.2402
Strategy/Entry Level
Stand aside
Euro has traded sideways in Asian morning after
early retreat fm 1.2429 (NY) to 1.2385 in Aust. n
sideways move is seen ahead of RBA rate decision,
as long as 1.2429 holds, consolidation below 1.2444
wud continue with mild downside bias.
Stand aside n buy dips for day trade as 1.2342
sup shud hold. Abv 1.2429, 1.2444, then 1.2473/78.
Range Forecast
1.2390 / 1.2415
Resistance/Support
R: 1.2429/1.2444/1.2478
S: 1.2385/1.2342/1.2325
Last Update At
07 Aug 2012 04:22 GMT
Rate
1.2402
Strategy/Entry Level
Stand aside
