DAILY EUR/USD OUTLOOK - 1.2923
28 May 2013 06:52GMT
Although euro has rebounded after intra-day brief drop to 1.2884/85 n further ‘choppy’ trading wud
continue, as long as 1.2994/98 res area holds, another decline to 1.2870/76 is still likely but rec-
kon sup at 1.2821 wud hold fm here.
Still favour selling euro on further recovery, stop abv said res, break risks gain to 1.3030/33.
STRATEGY : Sell at 1.2965
OBJECTIVE : 1.2880
STOP-LOSS : 1.3005
RES : 1.2975/1.2998/1.3030
SUP : 1.2884/1.2855/1.2821