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Forex Market Outlook on Majors

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Forex Market Outlook on Majors

Fri, Sep 5 2008, 06:02 GMT
by AceTrader Team

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INTRA-DAY EUR/USD OUTLOOK:            1.4300

Updating time :05 Sep 2008 05:35 GMT


Although euro's rebound fm 1.4212 (NZ) suggests
a temp. low is made there n choppy consolidation
wud be seen, reckon 1.4325/35 shud cap upside n
yield selloff later but below 1.4250 needed to con-
firm downtrend has once again resumed to 1.4212.

Sell on further recovery with stop as indicated,
break wud risk stronger retrace. to 1.4375...

Range Forecast
1.4280 / 1.4310

Resistance/Support

R: 1.4315/1.4352/1.4385
S: 1.4247/1.4212/1.4163
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