INTRA-DAY EUR/USD OUTLOOK

As euro has maintained a firm undertone after
staging a recovery fm intra-day fresh 15-month low
at 1.2667 (AUS), suggesting sideways trading abv
this temp. sup wud be seen, reckon 1.2730/40 wud
cap present corrective rise n yield retreat later.
Raise short entry for 1.2695 but below 1.2767
needed to extend twd 1.2642. Abv 1.2763/70 aborts.

Range Forecast
1.2700 / 1.2730

Resistance/Support
R: 1.2732/1.2763/1.2812
S: 1.2667/1.2642/1.2588

Rate
1.2712

Strategy/Entry Level
Sell at 1.2730

Objective
1.2695

Stop-Loss
1.2750

Last Update At
09 Jan 2012 06:22 GMT