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Intra-Day EUR/USD Outlook: March 9, 2012

Published 03/09/2012, 01:18 AM
Updated 01/01/2017, 02:20 AM
EUR/USD
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MAR
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INTRA-DAY EUR/USD OUTLOOK

    Although euro has retreated after Greece said
85.8% of bondholders have accepted bond swap offer
n consolidation wud be seen, as long as 1.3225 sup
holds, consolidation with upside bias remains but
abv 1.3278 needed for re-test of y'day's 1.3291 top
    Buy on dips with stop as indicated, break wud
risk stronger pullback to 1.3183/85.

Range Forecast
1.3235 / 1.3265

Resistance/Support
R: 1.3291/1.3337/1.3366
S: 1.3225/1.3209/1.3164

Rate     
1.3246     

Strategy/Entry Level
Buy at 1.3235

Objective     
1.3275     

Stop-Loss
1.3215
    
Last Update At
09 Mar 2012 06:04 GMT

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