Intra-day Eur/usd Outlook By Acetrader - Forex Forum

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> Intra-day Eur/usd Outlook By Acetrader, INTRA-DAY EUR/USD OUTLOOK by AceTrader
AcetraderFX
post Nov 6 2008, 7:47
Post


INTRA-DAY EUR/USD OUTLOOK: 1.2845

Updating time :06 Nov 2008 06:08 GMT

Euro has fallen after brief bounce n risk is
seen for corrective decline fm y'day's high at 1.31
17 to extend to 1.2820/25 n possibly 1.2795 but nr
term o/sold condition shud prevent steep fall below
there n yield rebound later.

Exit long n stand aside for now. Abv 1.2894 wud
revive intra-day bullishness, 1.2930/40, 1.2970...

Range Forecast
1.2838 / 1.2870

Resistance/Support
R: 1.2906/1.2957/1.2977
S: 1.2838/1.2795/1.2753

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