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INTRA-DAY EUR/USD OUTLOOK
As euro has continued to ratchet higher fm 1.22
96 (y'day's low), suggesting consolidation with
mild upside bias is seen for a re-test of 1.2368,
however, firm rise abv 1.2382/86 needed to extend
erratic upmove fm 1.2242 to 1.2400/02 later.
Below 1.2340/44 wud bring pullback to 1.2325/28
but reckon 1.2298/00 shud contain weakness in Asia.
Range Forecast
1.2335 / 1.2365
Resistance/Support
R: 1.2368/1.2386/1.2407
S: 1.2328/1.2289/1.2256
Last Update At
21 Aug 2012 02:00 GMT
Rate
1.2355
Strategy/Entry Level
Stand aside
As euro has continued to ratchet higher fm 1.22
96 (y'day's low), suggesting consolidation with
mild upside bias is seen for a re-test of 1.2368,
however, firm rise abv 1.2382/86 needed to extend
erratic upmove fm 1.2242 to 1.2400/02 later.
Below 1.2340/44 wud bring pullback to 1.2325/28
but reckon 1.2298/00 shud contain weakness in Asia.
Range Forecast
1.2335 / 1.2365
Resistance/Support
R: 1.2368/1.2386/1.2407
S: 1.2328/1.2289/1.2256
Last Update At
21 Aug 2012 02:00 GMT
Rate
1.2355
Strategy/Entry Level
Stand aside
