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 18 2008, 7:06
Post


INTRA-DAY EUR/USD OUTLOOK: 1.2623

Updating time :18 Nov 2008 04:17 GMT

Euro's recovery after finding buying interest at
1.2601 suggests further consolidation abv there wud
be seen n gain to 1.2660/65 cannot be ruled out b4
decline fm 1.2742 (y'day's high) resumes later.

Stand aside n look to sell on further recovery.
Below sup at 1.2601 wud extend marginal weakness
but reckon 1.2560/65 wud hold fm here...

Range Forecast
1.2605 / 1.2645

Resistance/Support
R: 1.2665/1.2703/1.2742
S: 1.2601/1.2546/1.2512

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