INTRA-DAY EUR/USD OUTLOOK: 1.2637

Updating time : 17 Feb 2009 08:03 GMT


As euro has recovered after intra-day selloff
to 1.2602, suggesting minor consolidation is in
store n retrace. to 1.2665/70 cannot be ruled out,
however, reckon 1.2700 wud limit upside n yield
another decline later today.

Stand aside n look to sell further rise for day
trade. Below said sup extends to 1.2565/70...

Range Forecast
1.2610 / 1.2650

Resistance/Support
R: 1.2675/1.2706/1.2727
S: 1.2602/1.2549/1.2500