EUR/USD Daily Outlook

INTRA-DAY EUR/USD OUTLOOK

Euro's present firm breach of 1.2800/01 suggests
rise fm Friday's 4-month low at 1.2642 to retrace
recent decline wud extend gain to 1.2814, abv wud
bring further headway twd 1.2843/50 but reckon 1.28
69 res shud hold due to o/bot condition.

Buy on dips with stop as indicated, below wud
defer but 1.2748/50 shud remain intact.

Range Forecast
1.2790 / 1.2814

Resistance/Support
R: 1.2814/1.2843/1.2869
S: 1.2748/1.2739/1.2703

Last Update At
21 May 2012 02:03 GMT

Rate
1.2805

Strategy/Entry Level
Buy at 1.2800

Objective
1.2830

Stop-Loss
1.2780

OutLook According To FxStreet.com