[B]DAILY EUR/USD OUTLOOK - 1.3038
22 Apr 2013 08:29GMT [/B]
STRATEGY : Hold short
POSITION : Short at 1.3080
OBJECTIVE : 1.3005
STOP-LOSS : 1.3100
RES : 1.3093/1.3130/1.3153
SUP : 1.3048/1.3001/1.2963
Fri’s fall fm 1.3130 to 1.3048 signals recovery fm Wed’s low at 1.3001 is over n below this sup wud extend decline fm last Tue’s 1-1/2 month high at 1.3202 twd 1.2963, however, ‘loss of momentum’ wud keep euro abv 1.2900/10.
Hold short for 1.3005 1st n only abv 1.3130 wud prolong choppy trading, risk 1.3130, 1.3150/53.
DAILY EUR/USD OUTLOOK - 1.2990
24 Apr 2013 07:11GMT
Despite y’day’s brief decline to a 2-week low of 1.2973, subsequent bounce to 1.3028 suggests fall fm last week’s 1.3202 top to correct recent rise fm 1.2745 (Apr) has made a temp. low n consolidation is seen b4 extending weakness twd 1.2920 (61.8% r).
Sell on further recovery for this move n only abv 1.3085 risks stronger retrace. twd 1.3120/30.
STRATEGY : Sell at 1.3045
OBJECTIVE : 1.2950
STOP-LOSS : 1.3090
RES : 1.3033/1.3085/1.3130
SUP : 1.2973/1.2900/1.2878
DAILY EUR/USD OUTLOOK - +1.3125
03 May 2013 08:40GMT
Euro’s intra-day stronger-than-expected rebound after y’day’s selloff to 1.3037 suggests ‘choppy’ consolidation wud be seen n gain to 1.3128/30 can’t ruled out, however, renewed selling shud emerge below 1.3148 (prev. sup) n yield selloff later.
Wud be prudent to exit short n sell on further recovery with stop as indicated, break risks 1.3180
STRATEGY : +Hold short+
POSITION : +Short at 1.3125+
OBJECTIVE : 1.3040
STOP-LOSS : 1.3165
RES : 1.3115/1.3148/1.3220
SUP : 1.3037/1.2988/1.2954
