Update Time: 24 Jun 2011 05:22GMT
INTRA-DAY EUR/USD OUTLOOK – +1.4270+
Despite euro’s initial retreat fm 1.4279 (AUS),
as renewed buying earlier in Asian morning at 1.42
34 has lifted euro, retaining nr term bullish pros-
pect for y’day’s rally fm 1.4126 to re-test 1.4279,
then 1.4286/90 later but 1.4310/14 wud cap upside.
Hold long with stop now as indicated n only
below 1.4234 risks pullback to 1.4210/20 b4 up.
Rate: +1.4270+
Strategy: +Target met+
Position: Long at 1.4235
Objective: 1.4270
Stop-Loss:
Resistance: 1.4286/1.4321/1.4345
Support: 1.4234/1.4202/1.4164
*********
Update Time: 23 Jun 2011 13:53GMT
INTRA-DAY EUR/USD OUTLOOK – +1.4140+
Although euro has recovered after intra-day
selloff to 1.4153 n sideways trading wud be seen,
reckon upside wud be ltd n yield resumption of
decline fm y’day’s 1.4442 high for further weakness
to 1.4140 n then twds 1.4100 later.
Trade fm short side with stop as indicated,
break wud risk stronger gain to 1.4212 b4 down.
Rate: +1.4140+
Strategy: +Target met+
Position: Short at 1.4180
Objective: 1.4140
Stop-Loss:
Resistance: 1.4235/1.4284/1.4314
Support: 1.4100/1.4073/1.4050
*********
Update Time: 23 Jun 2011 12:46GMT
INTRA-DAY EUR/CHF OUTLOOK – +1.1910+
Euro’s intra-day weakness signals correction fm
last wk’s lifetime low at 1.1946 has indeed ended
earlier at 1.2150 (Tue) n downside bias is seen for
a re-test of said sup, break wud confirm LT decline
has resumed, 1.1900 later.
Sell at market with stop as indicated, abv wud
suggest an intra-day low is possibly made, 1.2026.
Rate: +1.1910+
Strategy: +Target met+
Position: +Short at 1.1960+
Objective: 1.1910
Stop-Loss:
Resistance: 1.1946/1.1983/1.2026
Support: 1.1900/1.1852/1.1825