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Intra-Day EUR/USD Outlook: March 21, 2012

Published 03/20/2012, 10:47 PM
Updated 01/01/2017, 02:20 AM
EUR/USD
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MAR
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INTRA-DAY EUR/USD OUTLOOK

   Euro's breach of Mon's 1.3265 high to 1.3273 sug
gests recent upmove fm last week's low of 1.3005 to
retrace decline fm Feb's high of 1.3486 has once
again resumed n may extend to 1.3275/80 but loss of
upward momentum shud cap price at 1.3291 res.
   Buy on dips with stop as indicated n only below
1.3215 wud signal temp. top made n risk 1.3201.

Range Forecast
1.3240 / 1.3273

Resistance/Support
R: 1.3291/1.3302/1.3322
S: 1.3215/1.3201/1.3172

Rate     
1.3265     

Strategy/Entry Level
Buy at 1.3240

Objective     
1.3275     

Stop-Loss
1.3220
    
Last Update At
21 Mar 2012 02:20 GMT

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