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INTRA-DAY EUR/USD OUTLOOK

Published 03/08/2012, 02:21 AM
Updated 01/01/2017, 02:20 AM
EUR/USD
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MAR
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INTRA-DAY EUR/USD OUTLOOK

   Although euro has retreated after intra-day rise
to 1.3183 n minor consolidation wud be seen, as
long as Asian low of 1.3136 holds, rise fm y'day's
2-1/2 week low of 1.3097 to retrace recent decline
wud extend to 1.3187/89 but 1.3209/17 wud hold.
   Buy on dips with stop as indicated, break wud
risk stronger pullback but 1.3097 sup shud hold.

Range Forecast
1.3155 / 1.3187

Resistance/Support
R: 1.3187/1.3209/1.3242
S: 1.3131/1.3120/1.3097

Rate     
1.3175     

Strategy/Entry Level
Buy at 1.3155

Objective     
1.3185     

Stop-Loss
1.3135
    
Last Update At
08 Mar 2012 06:27 GMT

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