 Intra-day Eur/usd Outlook By Acetrader |
 Aug 26 2008, 5:59
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Updating time : 26 Aug 2008 04:28 GMT
Euro's cross-inspired selloff to 1.4704 suggests re-test of y'day's low at 1.4696 wud be seen after consolidation n below there wud extend near term decline fm 1.4909 to 1.4670/75 b4 prospect of a bounce due to 'loss of momentum'. Incline to sell on recovery stop as indicated, abv wud risk stronger retrace. to 1.4770/75... Range Forecast 1.4704 / 1.4730 Resistance/Support R: 1.4745/1.4760/1.4809 S: 1.4696/1.4672/1.4630 Visit My Website |
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