INTRA-DAY EUR/USD OUTLOOK: 1.2768

Updating time : 16 Feb 2009 13:15 GMT

As euro has rebounded after intra-day retreat
to 1.2741, suggesting further consolidation abv sup
at 1.2727 is in store n although recovery to 1.2800
cannot be ruled out, reckon 1.2821 (prev. sup) wud
remain intact n yield decline later.

Stand aside for now n sell on further rise for
day trade. Below 1.2727 wud extend fall to 1.2706..

Range Forecast
1.2745 / 1.2785

Resistance/Support
R: 1.2808/1.2880/1.2921
S: 1.2720/1.2706/1.2627