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Forex Market Outlook on Majors

Fri, Jun 26 2009, 09:35 GMT

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INTRA-DAY EUR/USD:

Last Update At 26 Jun 2009 09:08 GMT

Rate :  1.6475

Although cable has retreated after intra-day
rally to 1.6498 n consolidation with mild downside
bias wud be seen, pullback wud be ltd to 1.6415/20
n price shud hold well abv sup at 1.6373, yield ano
other upmove to re-test said res.

Wud be prudent to stand aside for now n look
to sell on next rise for day trade as recommended..

Range Forecast
1.6440 / 1.6490

Resistance/Support

R: 1.6498/1.6562/1.6605
S: 1.6445/1.6373/1.6320


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