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 Dec 9 2008, 7:04
Post


INTRA-DAY EUR/USD OUTLOOK : 1.2882

Updating time : 09 Dec 2008 04:48 GMT

Although euro has recovered after marginal weak
ness to 1.2856 n sideways trading wud be seen, a
rise abv 1.2910 is needed to signal pullback fm
y'day's 1.2968 high has made a low there n yield
rebound to 1.2931 n possibly twds said res.

Only below 1.2842/50 wud bring stronger retrace
ment of upmove fm 1.2549 to 1.2800/08. Stand aside.

Range Forecast
1.2856 / 1.2890

Resistance/Support
R: 1.2968/1.3031/1.3081
S: 1.2842/1.2785/1.2746

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