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