Forex Market Outlook on Majors

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Forex Market Outlook on Majors
Thu, Oct 2 2008, 05:48 GMT
by AceTrader Team
AceTrader
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INTRA-DAY EUR/USD OUTLOOK: 1.3941
Updating time :02 Oct 2008 05:36 GMT
Although current retreat suggests recent decline
may extend marginal weakness to 1.3915/20, loss of
momentum shud limit downside to 1.3900 n yield re-
bound but abv 1.3990/00 is needed to confirm temp.
low is formed n bring correction twds 1.4030/35.
Buy on next fall with stop as indicated, break
wud risk re-test of 1.3882 b4 recovery...
Range Forecast
1.3930 / 1.3960
Resistance/Support
R: 1.4015/1.4040/1.4091
S: 1.3931/1.3882/1.3840
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Published on
Mon, Oct 6 2008, 02:49 GMT
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