INTRA-DAY EUR/USD OUTLOOK
Last Update At 22 Mar 2011 06:25 GMT
Rate : 1.4230
Although euro has edged higher ahead of European
opening after meeting renewed buying earlier at
1.4203 (AUS), abv y'day's 4-1/2 mth high at 1.4241
needed to extend marginal gain, near term 'loss of
momentum' shud cap price below prev. top at 1.4283.
Buy on dips for 1.4240 or sell if euro climbs to
1.4260 1st for subsequent retracement to 1.4220.
Range Forecast
1.4210 / 1.4240
Resistance/Support
R: 1.4241/1.4260/1.4283
S: 1.4185/1.4138/1.4095
Last Update At 22 Mar 2011 06:25 GMT
Rate : 1.4230
Although euro has edged higher ahead of European
opening after meeting renewed buying earlier at
1.4203 (AUS), abv y'day's 4-1/2 mth high at 1.4241
needed to extend marginal gain, near term 'loss of
momentum' shud cap price below prev. top at 1.4283.
Buy on dips for 1.4240 or sell if euro climbs to
1.4260 1st for subsequent retracement to 1.4220.
Range Forecast
1.4210 / 1.4240
Resistance/Support
R: 1.4241/1.4260/1.4283
S: 1.4185/1.4138/1.4095
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