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

Published 03/21/2012, 05:14 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 retreat fm 1.3277 to 1.3249
shortly after European open, present rebound sug-  
gests pullback fm Asian high at 1.3283 has possibly
ended n abv 1.3283 wud extend upmove fm last week's
low at 1.3005 to 1.3295/00 but 1.3322 shud hold.
   Reinstate long on dips for this move n only
below 1.3249 may risk stronger retrace. to 1.3220.

Range Forecast
+1.3275 / 1.3300+

Resistance/Support
R: 1.3283/1.3302/1.3322
S: 1.3249/1.3215/1.3201

Rate     
+1.3275+     

Position
+Long at 1.3275+

Strategy/Entry Level
+Hold long+

Objective     
+1.3305+     

Stop-Loss
+1.3260+
    
Last Update At
21 Mar 2012 08:43 GMT

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