INTRA-DAY EUR/USD OUTLOOK: 1.3060

Updating time : 09 Feb 2009 17:55 GMT

Despite euro's brief bounce fm 1.3040 to around
1.3086, subsequent retreat after faltering below
1.3095 res suggests choppy consolidation with
downside bias is seen but reckon 1.2993 (previous
res, now sup) shud contain weakness.
For st trade, sell on recovery with stop as
indicated, break wud abort n extend to 1.3112/20...

Range Forecast 
1.3040/1.3070

Resistance/Support

R: 1.3095/1.3112/1.3180
S: 1.2993/1.2920/1.2874