Forex Market Outlook on Majors
Tue, Feb 10 2009, 05:43 GMT
by AceTrader Team
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INTRA-DAY EUR/USD OUTLOOK
Euro's rebound fm Asian low at 1.2810 suggests
further consolidation abv there is in store n gain
to 1.2900/10 cannot be ruled out but as a top has
been formed y'day at 1.3095, reckon 1.2950 wud cap
upside n yield retreat later.
Below 1.2835/40 wud indicate near term decline
fm 1.3095 has resumed, 1.2810 n then 1.2770/80...
Range Forecast1.2860 / 1.2900
Resistance/Support
R: 1.2952/1.2993/1.3030
S: 1.2837/1.2810/1.2747
Published on
Tue, Feb 10 2009, 08:50 GMT
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