INTRA-DAY EUR/USD OUTLOOK

Euro has rebounded after brief drop to 1.2730 n
consolidation with mild upside bias wud be seen for
a rebound to 1.2779/85, however, breach of 1.2793
needed to bring another corrective rise fm Mon's
low of 1.2667 for re-test of y'day's 1.2819 high.
For st trade, buy on dips with stop as indicated
n only below 1.2720 wud bring fall to 1.2697.

Range Forecast
1.2745 / 1.2779

Resistance/Support
R: 1.2779/1.2802/1.2819
S: 1.2730/1.2720/1.2697

Rate
1.2750

Strategy/Entry Level
Buy at 1.2745 for st trade

Objective
1.2785

Stop-Loss
1.272

Last Update At
11 Jan 2012 06:59 GMT