Tuesday February 22, 2005 - 09:18:49 GMT
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TODAY'S FOREX MARKET OUTLOOK
TODAY'S FOREX MARKET OUTLOOK
EUR/USD - 1.3181
Update Time : 08:19 GMT
Euro's intra-day rally signals recent rise fm 1.2732 wud bring a stronger retrace. of the major decline fm 1.3670 n gain to 1.3210 is seen, however , o/bot condition shud limit upside to 1.3270/75 n risk has increased for a retreat later.
INTRA-DAY EUR/USD OUTLOOK
Last Update At 22 Feb 2005 08:14:00
As euro has risen after brief pullback, suggest ing gain to 1.3195/00 wud be seen, however, o/bot condition is likely to limit upside to 1.3205/10 n yield retreat later.
Suggest to buy dips for 1.3190 or sell at 1.31 90 for 1.3155 but renewed buying shud emerge abv 1.3130/35. Abv 1.3210 risks 1.3235/40 b4 retreat...
Strategy: 1.Buy @ 1.3155 or 2.sell @ 1.3190
Objective: 1) 1.3190 or 2) 1.3155
Stop-Loss: 25 points
YESTERDAY'S RECOMMENDED TRADES
EUROPEAN CLOSING EUR/YEN OUTLOOK - +138.30+
Update Time: 2005/02/18 17:09GMT
Present resumption of recent upmove fm 133.01
suggests further gain twd dynamic res 138.32 (62% r
of 141.60-133.01) wud be seen, however, o/bot condi
tion is likely to prevent further strg rise beyond
there n reckon 138.60/62 wud cap upside.
Trade fm long side, stop as indicated. Only be-
low 137.48 wud risk stronger correction to 137.24..
Position:Long at 137.97
JUNE EURODOLLAR FUTURES DAILY OUTLOOK - +96.60+
Update Time: 2005/02/18 15:06GMT
Despite eurodlr's recovery fm 96.61, as long as
96.66 holds, bearishness remains for MT downtrend
to resume n extend marginal weakness to 96.60.
Hold short, stop 96.67, break wud signal temp.
low is made n risk correction to 96.69 res...
Position:Short at 96.64
INTRA-DAY EUR/USD OUTLOOK - +1.3015+
Update Time: 2005/02/18 13:38GMT
As euro's retreat fm 1.3090 has kept price under
pressure, weakness to 1.3015 is now envisaged, how-
ever, below there is needed to confirm top has been
made there n yield correction of recent upmove twds
1.2980/85 but 1.2959 sup shud hold.
+Trade fm short side+, stop 1.3075, break wud
bring one more rise to 1.3100 b4 strg pullback...
Position:+Short at 1.3045+
INTRA-DAY GBP/USD OUTLOOK - +1.8955+
Update Time: 2005/02/18 09:08GMT
Cable's intra-day rebound fm 1.8920 suggests
the pullback fm y'day's high at 1.8960 has possibly
ended n re-test of said res is envisaged, however,
abv is needed to signal recent upmove has resumed n
bring one more rise twds 1.9000.
Trade fm long side with stop below said sup,
break wud risk marginal weakness twds 1.8900...
Position:Long at 1.8925
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