DAILY EUR/USD OUTLOOK

Y'day's rally abv 1.2952 n then 1.2972 to 1.3015confirms corrective decline fm last Wed's near 7-wkhigh at 1.3127 has ended at 1.2876 Fri n consolida-tion with upside bias remains for gain to 1.3045,reckon res at 1.3087 wud hold on 1st testing.

Buy on dips with stop as indicated n only below 1.2929 signals recovery is over, risks 1.2900.

Resistance/Support
R: 1.3042/1.3087/1.3127
S: 1.2962/1.2929/1.2876

Last Update At
12 Dec 2012 07:43 GMT

Rate
1.3000

Strategy
Buy at 1.2985

Objective
1.3045

Stop-Loss
1.2945