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Update Time:     12 Jan 2009 04:23GMT
INTRA-DAY EUR/USD OUTLOOK - +1.3380+

Despite euro's recovery fm Asian low at 1.3380,
as this move looks corrective n decline fm 1.3801
shud resume after consolidation, below said sup wud
extend twds 1.3350/55 but nr term loss of momentum
shud keep price abv 1.3312 n yield rebound later.

Hold short with stop as indicated, abv wud risk
stronger retracement twds 1.3488 (Aust.) b4 down...

   Rate:     +1.3380+
   Strategy:     +Target met+
   Position:     Short at 1.3430
   Objective:     +1.3380+
   Stop-Loss:     
   Resistance:     1.3437/1.3488/1.3534
   Support:     1.3359/1.3312/1.3242
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Update Time:     12 Jan 2009 03:46GMT
INTRA-DAY USD/CHF OUTLOOK - +1.1185+

Despite dlr's retreat fm last Friday's high at
1.1191, renewed buying at 1.1112 has lifted dlr n
upside bias is seen for a re-test of said res, how-
ever, break there is needed to extend the rise fm
1.0865 to 1.1220/30 later today.

Hold long, stop now as indicated n only below
1.1112 wud risk correction to 1.1060/70 b4 up..

   Rate:     +1.1185+
   Strategy:     +Target met+
   Position:     Long at 1.1132
   Objective:     1.1185
   Stop-Loss:     
   Resistance:     1.1191/1.1206/1.1280
   Support:     1.1112/1.1069/1.0975
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Update Time:     09 Jan 2009 14:02GMT
INTRA-DAY EUR/USD OUTLOOK - +1.3570+

Despite intra-day brief bounce to 1.3754, subse
quent retreat suggests choppy trading below 1.3801
wud continue n pullback to 1.3560/70 is seen but
as broad outlook is consolidative, reckon 1.3534
sup shud contain downside n yield rebound later.

Sell at market with stop as indicated, break
wud risk gain to 1.3700/10...

   Rate:     +1.3570+
   Strategy:     +Target met+
   Position:     +Short at 1.3610+
   Objective:     1.3570
   Stop-Loss:     
   Resistance:     1.3656/1.3716/1.3754
   Support:     1.3534/1.3430/1.3312

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