INTRA-DAY EUR/USD OUTLOOK

Euro has edged higher ahead of European open
after intra-day weakness to a fresh 2-month low at
1.2677 in Asia n 1.2690 (prev. low) needs to hold
for prospect of marginal fall to 1.2660, loss of
momentum shud keep price abv 1.2637.

Remain as cautious seller n only a firm rise abv
1.2708 confirms temp. low made, risks 1.2735/39.

Range Forecast
1.2677 / 1.2690

Resistance/Support
R: 1.2690/1.2708/1.2739
S: 1.2661/1.2637/1.2607

Last Update At
13 Nov 2012 06:45 GMT

Rate
1.2688

Position
Short at 1.2685

Strategy/Entry Level
Hold short

Objective
1.2660

Stop-Loss
1.2695