EUR/USD Intra-day Signal

Forex signal: Buy on dips n exit on such bounce as 1.3986 shud cap upside. Only below 1.3870 may risk 1.3850/55.

INTRA-DAY EUR\/USD OUTLOOK

Last Update At 14 Mar 2011 06:10 GMT

Rate : 1.3933

Although euro's early retreat fm 1.3986 (NZ/AUS)
suggests Fri's rally fm 1.3752 has made a temp. top
n sideways trading is seen at European opening, nr
term outlook remains mildly bullish for another
rebound but abv 1.3986 needed to extend to 1.4000.

Buy on dips n exit on such bounce as 1.3986 shud
cap upside. Only below 1.3870 may risk 1.3850/55.

Range Forecast
1.3910 / 1.3945

Resistance/Support
R: 1.3954/1.3986/1.4000
S: 1.3916/1.3870/1.3855