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INTRA-DAY EUR/USD OUTLOOK
Despite early brief rise to 1.2432 in European
morning, current retreat suggests 'choppy' consoli-
dation below y'day's 1.2444 high wud continue n
pullback to 1.2385/90 cannot be ruled out, however,
renewed buying shud emerge abv 1.2374/76 area.
Abv 1.2432 wud signal upmove fm July's 2-year
low of 1.2042 has resumed for re-test of 1.2444.
Range Forecast
1.2390 / 1.2420
Resistance/Support
R: 1.2432/1.2444/1.2478
S: 1.2385/1.2342/1.2292
Last Update At
07 Aug 2012 09:14 GMT
Rate
1.2404
Strategy/Entry Level
Stand aside
Despite early brief rise to 1.2432 in European
morning, current retreat suggests 'choppy' consoli-
dation below y'day's 1.2444 high wud continue n
pullback to 1.2385/90 cannot be ruled out, however,
renewed buying shud emerge abv 1.2374/76 area.
Abv 1.2432 wud signal upmove fm July's 2-year
low of 1.2042 has resumed for re-test of 1.2444.
Range Forecast
1.2390 / 1.2420
Resistance/Support
R: 1.2432/1.2444/1.2478
S: 1.2385/1.2342/1.2292
Last Update At
07 Aug 2012 09:14 GMT
Rate
1.2404
Strategy/Entry Level
Stand aside
