INTRA-DAY EUR/USD OUTLOOK
Current aussie-led retreat after the release of
weak China PMI data signals recovery fm y'day's low
of 1.3178 has possibly ended at 1.3245/46 n consoli
dation with downside bias wud be seen for weakness
to 1.3199/00, break wud bring re-test of said sup.
Sell on minor pullback with stop as indicated n
only abv 1.3257 wud abort n risk gain to 1.3265/70.
Range Forecast
1.3205 / 1.3235
Resistance/Support
R: 1.3257/1.3286/1.3291
S: 1.3210/1.3178/1.3142
Rate
1.3223
Strategy/Entry Level
Sell at 1.3235
Objective
1.3200
Stop-Loss
1.3250
Last Update At
22 Mar 2012 02:37 GMT