INTRA-DAY EUR/USD OUTLOOK

As euro has edged higher fm y'day's NY sup at
1.2988, suggesting consolidation with upside bias
remains n abv 1.3020 wud encourage for re-test of
1.3045/48 res but break needed to signal rise fm
1.2945 to retrace recent fall has resumed, 1.3084.
Buy on dips for 1.3030 1st n only firm breach of
1.2982/83 may risk weakness to 1.2960/65 later.

Range Forecast
1.2995 / 1.3025

Resistance/Support
R: 1.3020/1.3048/1.3084
S: 1.2982/1.2945/1.2910

Rate
1.3008

Strategy/Entry Level
Buy at 1.2995

Objective
1.303

Last Update At
20 Dec 2011 07:47 GMT