acetrader007
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Despite dollar's weakness to 110.75, subsequent
strong rebound indicates decline from 112.88 has
made a low there and further choppy tradind
inside 109.87-113.73 broad range would be seen
with upside bias for gain towards said res and
possibly 113.35/40, however, as broad outlook
remains consolidative, res at 113.73 is expected
to remain intact.
On the downside, below 111.92 (last Friday's New
York low) would signal an intra-day top is made
and bring subsequent weakness but said sup at
110.75 is expected to remain intact.
strong rebound indicates decline from 112.88 has
made a low there and further choppy tradind
inside 109.87-113.73 broad range would be seen
with upside bias for gain towards said res and
possibly 113.35/40, however, as broad outlook
remains consolidative, res at 113.73 is expected
to remain intact.
On the downside, below 111.92 (last Friday's New
York low) would signal an intra-day top is made
and bring subsequent weakness but said sup at
110.75 is expected to remain intact.
