Update Time: 11 Jul 2011 07:48GMT
DAILY EUR/CHF OUTLOOK – +1.1840+
Despite Friday’s initial gain to 1.2170, subse-
quent breach of 1.1966 sup to 1.1908 (NY) signals
decline fm 1.2346 wud pressure euro to 1.1830/40,
however, o/sold condition shud prevent steep fall n
June’s record low at 1.1808 shud remain intact.
Hold short n only abv 1.1966 wud ‘prolong’ chop-
py consolidation, risks gain to 1.2000/10.
Rate: +1.1840+
Strategy: +Target met+
Position: Short at 1.1920
Objective: 1.1840
Stop-Loss:
Resistance: 1.1922/1.1966/1.2025
Support: 1.1808/1.1790/1.1756
*********
Update Time: 11 Jul 2011 07:29GMT
INTRA-DAY EUR/CHF OUTLOOK – 1.1855
Although euro’s intra-day anticipated resumption
of recent decline fm last week’s top at 1.2346 to
1.1847 suggests marginal weakness is likely, near
term loss of momentum wud keep price well abv Jun’s
record low of 1.1808 n risk a strg rebound later.
Wud be prudent to exit short here n look to sell
again on recovery as 1.1922 res shud remain intact.
Rate: 1.1855
Strategy: Exit short
Position: Short at 1.1890
Objective:
Stop-Loss:
Resistance: 1.1922/1.1966/1.1995
Support: 1.1833/1.1808/1.1790
*********
Update Time: 11 Jul 2011 07:29GMT
INTRA-DAY EUR/JPY OUTLOOK – 114.25
Although euro’s intra-day anticipated weakness
to 114.18 in European morning suggests decline fm
last wk’s top at 117.74 remains in force, 114.00
shud limit downside due to nr term loss of momentum
n risk a minor corrective bounce later.
Wud be prudent to exit short here n look to sell
again on recovery as 114.77 res shud hold…
Rate: 114.25
Strategy: Exit short
Position: Short at 114.55
Objective:
Stop-Loss:
Resistance: 114.77/115.12/115.54
Support: 114.09/113.78/113.51