Current retreat after extending the rebound from yesterday's low of 1.3134 to 1.3213 suggests an intra-day top has possibly been made and risk has increased for a pullback to 1.3185/90 but as long as 1.3173
support holds, daily bullishness remains.
Below 1.3173 would signal recovery is over instead and yield resumption of a fall from 1.3286 to 1.3134.
Range Forecast
1.3190 /1.3213
Resistance/Support
R: 1.3213/1.3254/1.3286
S: 1.3173/1.3144/1.3134
Last Update At
23 Mar 2012 02:18 GMT
Rate
1.3200
Strategy/Entry Level
Stand aside