INTRA-DAY EUR/USD OUTLOOK :1.2978

Updating time : 21 Jan 2009 04:22 GMT

Although euro has eased after intra-day rise to
1.3020 n minor consolidation is in store, pullback
shud be ltd to 1.2930/35 n bullishness remains for
retrace. of recent decline twds 1.3040/50 but price
shud falter well below 1.3090/00.

Buy again on dips with stop as indicated, break
wud risk 1.2880/85...

Range Forecast
1.2960 / 1.3000

Resistance/Support
R: 1.3020/1.3025/1.3103
S: 1.2904/1.2882/1.2845

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