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Intra-Day EUR/USD Outlook: March 15, 2012

Published 03/15/2012, 12:27 AM
Updated 01/01/2017, 02:20 AM
EUR/USD
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MAR
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INTRA-DAY EUR/USD OUTLOOK

  Despite euro's brief breach of y'day's 1.3011 low
to 1.3005 in Asian morning, subsequent rebound sug-
gests consolidation with mild upside bias wud be
seen for gain to 1.3046 res but break is needed to
confirm temp. low made n yield retrace. to 1.3068.
   Turn cautious buyer on dips, stop below 1.3005
sup, break extends marginally but 1.2975 wud hold.

Range Forecast
1.3010 / 1.3046

Resistance/Support
R: 1.3046/1.3068/1.3090
S: 1.3005/1.2975/1.2953

Rate     
1.3030     

Strategy/Entry Level
Buy at 1.3020

Objective     
1.3050     

Stop-Loss
1.3004
    
Last Update At
15 Mar 2012 04:08 GMT

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