acetraderfx
11-12-2008, 08:24 PM
INTRA-DAY EUR/USD OUTLOOK: +1.2485+
Updating time :12 Nov 2008 23:45 GMT
Euro has penetrated o/n NY low at 1.2466 on re-
newed cross selling vs yen n recent decline shud
resume after consolidation for re-test of 1.2435
(Aust.) n then 1.2400/10 but loss of momentum has
increased risk of a corrective rebound later.
Sell on recovery with stop as indicated, abv
wud signal intra-day low is made n risk 1.2560/70..
Range Forecast
+1.2470 / 1.2510+
Resistance/Support
R: 1.2507/1.2579/1.2612
S: 1.2435/1.2408/1.2329
Updating time :12 Nov 2008 23:45 GMT
Euro has penetrated o/n NY low at 1.2466 on re-
newed cross selling vs yen n recent decline shud
resume after consolidation for re-test of 1.2435
(Aust.) n then 1.2400/10 but loss of momentum has
increased risk of a corrective rebound later.
Sell on recovery with stop as indicated, abv
wud signal intra-day low is made n risk 1.2560/70..
Range Forecast
+1.2470 / 1.2510+
Resistance/Support
R: 1.2507/1.2579/1.2612
S: 1.2435/1.2408/1.2329