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Forex Market Outlook on Majors

Tue, Jun 30 2009, 06:17 GMT

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INTRA-DAY EUR/USD:

Last Update At 30 Jun 2009 06:10 GMT

Rate :  1.4127

Intra-day in cable shud support price here n a
breach of last week's top at 1.4139 wud extend the
erratic upmove fm 1.3748 twd 1.4178, however, loss
of momentum shud limit upside to 1.4200/10 n risk
has increased for a retreat later.

Buy at market with stop as indicated, below wud
risk pullback twd 1.4071 (Aust.) b4 up...

Range Forecast
1.4110 / 1.4139

Resistance/Support

R: 1.4139/1.4178/1.4213
S: 1.4071/1.4042/1.3978


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