acetraderfx
12-15-2008, 10:08 PM
INTRA-DAY EUR/USD OUTLOOK : 1.3709
Updating time : 16 Dec 2008 02:26 GMT
Although renewed buying around 1.3685/90 has
lifted euro, a break abv Australian high at 1.3728
is needed to confirm recent upmove has once again
resumed n extend gain to 1.3750/60 b4 prospect of a
correction due to nr term loss of momentum.
Trade fm long side with stop as indicated, be-
low wud risk pullback to 1.3640/50 b4 up...
Range Forecast
1.3700 / 1.3725
Resistance/Support
R: 1.3728/1.3769/1.3800
S: 1.3685/1.3640/1.3606
Updating time : 16 Dec 2008 02:26 GMT
Although renewed buying around 1.3685/90 has
lifted euro, a break abv Australian high at 1.3728
is needed to confirm recent upmove has once again
resumed n extend gain to 1.3750/60 b4 prospect of a
correction due to nr term loss of momentum.
Trade fm long side with stop as indicated, be-
low wud risk pullback to 1.3640/50 b4 up...
Range Forecast
1.3700 / 1.3725
Resistance/Support
R: 1.3728/1.3769/1.3800
S: 1.3685/1.3640/1.3606