INTRA-DAY EUR/USD OUTLOOK

Despite euro's brief bounce to 1.3451 in Euro-
pean morning, current retreat suggests the recovery
fm last Fri's low of 1.3363 has 'possibly' made a
temp. top there n consolidation with downside bias
is seen for weakness to 1.3399/00, below, 1.3363.
Sell on recovery with stop as indicated n only
abv 1.3479/86 wud signal pullback fm 1.3550 is over

Range Forecast
1.3420 / 1.3451

Resistance/Support
R: 1.3451/1.3486/1.3508
S: 1.3399/1.3375/1.3363

Rate
+1.3442+

Strategy/Entry Level
Sell at +1.3460+

Objective
+1.3420+

Stop-Loss
+1.3480+

Last Update At
05 Dec 2011 08:40 GMT