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INTRA-DAY EUR/USD OUTLOOK
Despite euro's early brief bounce on news of the
passing of Greek 2013 budget, as renewed selling at
indicated res at 1.2736 has capped intra-day rise,
downside bias is seen but below Fri's 2-month low
at 1.2690 needed to extend weakness to 1.2670/75.
Hold short for 1.2698 1st n only firm rise abv
said Asian high may risk retracement to 1.2755/60.
Range Forecast
1.2710 / 1.2728
Resistance/Support
R: 1.2736/1.2759/1.2790
S: 1.2690/1.2661/1.2637
Last Update At
12 Nov 2012 02:08 GMT
Rate
1.2721
Position
Short at 1.2723
Strategy/Entry Level
Hold short
Objective
1.2698
Stop-Loss
1.2738
Despite euro's early brief bounce on news of the
passing of Greek 2013 budget, as renewed selling at
indicated res at 1.2736 has capped intra-day rise,
downside bias is seen but below Fri's 2-month low
at 1.2690 needed to extend weakness to 1.2670/75.
Hold short for 1.2698 1st n only firm rise abv
said Asian high may risk retracement to 1.2755/60.
Range Forecast
1.2710 / 1.2728
Resistance/Support
R: 1.2736/1.2759/1.2790
S: 1.2690/1.2661/1.2637
Last Update At
12 Nov 2012 02:08 GMT
Rate
1.2721
Position
Short at 1.2723
Strategy/Entry Level
Hold short
Objective
1.2698
Stop-Loss
1.2738
