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INTRA-DAY EUR/USD OUTLOOK
Despite resumption of fall fm Mon's 1.2444 high
to a marginal low at 1.2261 in European morning,
present recovery suggests a minor low is possibly
made n a retracement of said decline to 1.2305/07
is seen but reckon 1.2322/27 shud remain intact.
Trade fm long side with stop as indicated n only
below 1.2243 wud risk one more fall to 1.2220 sup.
Range Forecast
1.2265 / 1.2295
Resistance/Support
R: 1.2307/1.2327/1.2345
S: 1.2261/1.2243/1.2220
Last Update At
10 Aug 2012 09:39 GMT
Rate
+1.2267+
Position
Long at 1.2270
Strategy/Entry Level
Hold long for st trade
Objective
1.2305
Stop-Loss
+1.2260+
Despite resumption of fall fm Mon's 1.2444 high
to a marginal low at 1.2261 in European morning,
present recovery suggests a minor low is possibly
made n a retracement of said decline to 1.2305/07
is seen but reckon 1.2322/27 shud remain intact.
Trade fm long side with stop as indicated n only
below 1.2243 wud risk one more fall to 1.2220 sup.
Range Forecast
1.2265 / 1.2295
Resistance/Support
R: 1.2307/1.2327/1.2345
S: 1.2261/1.2243/1.2220
Last Update At
10 Aug 2012 09:39 GMT
Rate
+1.2267+
Position
Long at 1.2270
Strategy/Entry Level
Hold long for st trade
Objective
1.2305
Stop-Loss
+1.2260+
