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INTRA-DAY EUR/USD OUTLOOK by AceTrader INTRA-DAY EUR/USD OUTLOOK by AceTrader
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Old 07-16-2008, 05:33 AM   #1 (permalink)
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Default INTRA-DAY EUR/USD OUTLOOK by AceTrader
Updating time : 16 Jul 2008 04:27 GMT

Despite euro's rebound after y'day's selloff fm
1.6040 to 1.5865, abv 1.5950 (prev. sup) is needed
to signal aforesaid decline has ended n bring subse
quent gain to 1.5980/90, otherwise, further consoli
dation is seen ahead of European opening.

Below 1.5865 wud yield stronger retracement of
recent upmove twds 1.5841. Stand aside for now...

Range Forecast
1.5890 / 1.5915
Resistance/Support
R: 1.5950/1.6015/1.6040
S: 1.5865/1.5842/1.5803

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