[AcetraderFX]

INTRA-DAY EUR/USD OUTLOOK

Euro's breach of 1.3115 suggests the pullback fm
y'day's NY high of 1.3142 has 'possibly' ended at
1.3089/90 n consolidation with upside bias wud be
seen for re-test of said res, abv wud extend rise
fm y'day's low of 1.3028 to 1.3168 later.
Buy on dips with stop as indicated, break wud
risk stronger pullback to 1.3089.

Range Forecast
1.3110 / 1.3130

Resistance/Support
R: 1.3142/1.3168/1.3206
S: 1.3089/1.3059/1.3026

Rate
+1.3115+

Position
+Long at 1.3115+

Strategy/Entry Level
+Hold long+

Objective
1.3145

Stop-Loss
1.3098

Last Update At
07 Feb 2012 07:06 GMT