Forex Market Outlook on Majors

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Forex Market Outlook on Majors
Mon, Sep 8 2008, 03:02 GMT
by AceTrader Team
AceTrader
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INTRA-DAY EUR/USD OUTLOOK: 1.4412
Updating time :08 Sep 2008 02:34 GMT
Euro's breach of 1.4401 (NZ) suggests the correc
tive rise fm Friday's low at 1.4196 may extend to
1.4430/40 but anticipated near term o/bot condition
shud limit upside to 1.4470 (prev. sup) n retreat
cannot be ruled out later.
Stand aside n look to buy on pullback as minor
sup at 1.4345 shud limit downside...
Range Forecast
1.4390 / 1.4425
Resistance/Support
R: 1.4436/1.4470/1.4503
S: 1.4345/1.4311/1.4250
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Published on
Mon, Sep 8 2008, 03:23 GMT
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