08-31-2010, 04:04 AM
Last Update At 30 Aug 2010 00:55 GMT Rate : 1.2735As euro has rebounded after Fri's brief retreat
fm 1.2780 to 1.2726 in NY session, suggesting consolidation with upside bias remains but abv said res needed to extend recent corrective rise fm 1.2588 to 1.2795/00, break wud yield gain twd 1.2833/35.
Look to buy on dips as only below 1.2676 (Fri's
low) wud abort daily bullishness on euro.
Range Forecast 1.2735 / 1.2770Resistance/Support R: 1.2780/1.2795/1.2835
S: 1.2726/1.2692/1.2676
fm 1.2780 to 1.2726 in NY session, suggesting consolidation with upside bias remains but abv said res needed to extend recent corrective rise fm 1.2588 to 1.2795/00, break wud yield gain twd 1.2833/35.
Look to buy on dips as only below 1.2676 (Fri's
low) wud abort daily bullishness on euro.
Range Forecast 1.2735 / 1.2770Resistance/Support R: 1.2780/1.2795/1.2835
S: 1.2726/1.2692/1.2676