INTRA-DAY EUR/USD OUTLOOK

Despite euro's narrow range-trading in Asia,
as long as 1.3095 res holds, consolidation with
downside bias remains for another drop to 1.3040/
45 but below 1.3027 sup needed to signal possible
downside break has occured, yield fall to 1.2983.
Sell on recovery for 1.3045 n only abv 1.3095
wud dampen intra-day bearishness on euro.

Range Forecast
1.3050 / 1.3080

Resistance/Support
R: 1.3083/1.3095/1.3120
S: 1.3045/1.3027/1.3017

Rate
1.3063

Strategy/Entry Level
Sell at 1.3080

Objective
1.3045

Last Update At
28 Dec 2011 06:07 GMT