INTRA-DAY EUR/USD OUTLOOK

Current breach of 1.2345 confirms y'day's reco-
very fm 1.2327 has ended earlier at 1.2387 in Asia
n mild downside bias is seen for decline fm Mon's
high of 1.2444 to extend marginally below 1.2327
sup but reckon 1.2292 (prev. res) wud hold fm here.

Wud not advise chasing current decline n look to
buy on next fall. Abv 1.2366 wud signal low made.

Range Forecast
1.2327 / 1.2355

Resistance/Support
R: 1.2387/1.2402/1.2444
S: 1.2327/1.2292/1.2220

Last Update At
09 Aug 2012 08:33 GMT

Rate
1.2336

Strategy/Entry Level
Stand aside