INTRA-DAY EUR/USD OUTLOOK
Although euro has eased after brief breach of
Mon's high at 1.3265 to 1.3283 n sideways trading
wud be seen, as long as 1.3253 (y'day's NY res)
holds, upmove fm last wk's 1.3005 low wud head twds
1.3300/02 b4 retreat due to loss of momentum.
Trade fm long side for this move. Only firm break
of 1.3253 signals temp. top made, risks 1.3215/30.
Range Forecast
1.3260 / 1.3283
Resistance/Support
R: 1.3291/1.3302/1.3322
S: 1.3253/1.3215/1.3201
Rate
1.3268
Position
Long at 1.3265
Strategy/Entry Level
Hold long
Objective
1.3295
Stop-Loss
1.3250
Last Update At
21 Mar 2012 06:09 GMT
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