AceTraderForex Aug 21, 2013 : Intraday Outlook on Majors EUR/GBP

[B]INTRA-DAY EUR/GBP OUTLOOK - 0.8552
21 Aug 2013 [I]07:34GMT[/I][/B]

Despite euro’s marginal gain abv y’day’s top at
0.8573 to 0.8578, subsequent retreat suggests con-
solidation with downside bias is seen for weakness
to 0.8539/42, however, reckon price wud hold well
abv 0.8512 sup n bring rebound.

Sell on recovery n only abv 0.8578 wud risk
stronger retrace. of decline fm 0.8770 twd 0.8599

[B]STRATEGY[/B] : Sell at 0.8560

[B]OBJECTIVE[/B] : 0.8540

[B]STOP-LOSS[/B] : 0.8570

[B]FORECAST[/B] : 0.8540 / 0.8560

[B]RES[/B] : 0.8578/0.8599/0.8610

[B]SUP[/B] : 0.8539/0.8512/0.8505