Forex signal: Below 1.4418 wud signal recovery is over instead,
bring resumption of decline to 1.4385 n 1.4357/60.
INTRA-DAY EUR/USD OUTLOOK
Last Update At 31 Aug 2011 06:03 GMT
Rate : 1.4445
Current rebound after the release of better-than-
expected German retail sales data suggests choppy
consolidation abv y'day's low of 1.4385 wud con-
tinue n gain twds 1.4465 cannot be ruled out, how-
ever, reckon 1.4485 wud cap upside.
Below 1.4418 wud signal recovery is over instead,
bring resumption of decline to 1.4385 n 1.4357/60.
Range Forecast
1.4430 / 1.4460
Resistance/Support
R: 1.4465/1.4485/1.4507
S: 1.4418/1.4385/1.4357
