INTRA-DAY EUR/USD OUTLOOK

Despite euro's brief bounce fm 1.3025 to 1.3083
in late NY, as long as said res holds, outlook re-
mains mildly bearish for decline fm y'day's high of
1.3199 shud resume for re-test of said sup, below
wud extend weakness twds 1.3005 b4 rebound.
Sell on further recovery for 1.3030 or buy for
st trade if euro drops to 1.3015 1st for 1.3055.

Range Forecast
+1.3045 / 1.3075+

Resistance/Support
R: 1.3083/1.3100/1.3132
S: 1.3025/1.2983/1.2945

Rate
+1.3065+

Strategy/Entry Level
1.Sell at +1.3075+
or
2.Buy at 1.3015

Objective
1)+1.3035+ or 2)1.3055

Stop-Loss
20 points

Last Update At
22 Dec 2011 06:25 GMT