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Intra-Day EUR/USD Outlook: March 20, 2012

Published 03/20/2012, 12:33 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 retreat fm y'day's high of 1.3265
to 1.3226, as renewed buying has lifted price, sug-
gesting consolidation with mild upside bias remains
but abv 1.3256/60 needed to signal upmove fm last
week's 1.3005 low has resumed n extend to 1.3270.
   Hold long for this move n only below 1.3211 wud
signal temp. top made, 1.3187, break, 1.3160/70.

Range Forecast
1.3227 / 1.3260

Resistance/Support
R: 1.3265/1.3291/1.3302
S: 1.3211/1.3187/1.3171

Rate     
1.3236     

Position
Long at 1.3235

Strategy/Entry Level
Hold long

Objective     
1.3270     

Stop-Loss
1.3215
    
Last Update At
20 Mar 2012 04:05 GMT

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