DAILY EUR/USD OUTLOOK - 1.3005
15 Mar 2013 01:01GMT
Despite y’day’s resumption of MT fall fm 1.3711 (Feb) to a fresh 3-month trough of 1.2911 (NY), subsequent rally back to 1.3033 due to ‘broad-based’ usd’s weakness signals temp. low is made n few days of consolidation with upside bias is envisaged.
Turn long on dips n only below 1.2944 risks retest of 1.2911 but sup 1.2876 shud remain intact.
STRATEGY : Buy at 1.2995
OBJECTIVE : 1.307
STOP-LOSS : 1.296
RES : 1.3033/1.3075/1.3135
SUP : 1.2982/1.2944/1.2911