INTRA-DAY EUR/USD OUTLOOK: +1.2512+

Updating time :20 Nov 2008 08:27 GMT

Current retreat after intra-day rebound to 1.25
37 suggests consolidation with downside bias wud be
seen, however, break of 1.2470 sup is needed to con
firm decline has resumed n extend weakness twd 1.24
50 n possibly 1.2420/30.

Sell again on recovery with stop as indicated,
abv wud risk correction to 1.2590/00 b4 down...

Range Forecast
+1.2495 / 1.2530+

Resistance/Support
R: 1.2537/1.2566/1.2610
S: 1.2470/1.2450/1.2388

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