DAILY EUR/USD OUTLOOK - 1.3365
10 Feb 2013 23:45GMT…
As euro has remained under pressure after meeting renewed selling at 1.3430 Fri, suggesting decline fm Feb’s 14-month peak at 1.3711 to retrace MT rise fm 1.2042 (Jan 2011) wud extend to 1.3330, nr term ‘loss of momentum’ shud keep price abv 1.3308.
Sell on recovery for this move n only a daily close abv 1.3458 risks stronger gain to 1.3480/90.
STRATEGY : Sell at 1.3405
OBJECTIVE : 1.3330
STOP-LOSS : 1.3440
RES : 1.3458/1.3493/1.3532
SUP : 1.3353/1.3308/1.3257
