DAILY OUTLOOK EUR/USD : April 24, 2013

DAILY EUR/USD OUTLOOK – 1.2990 24 Apr 2013 07:11GMT Despite y’day’s brief decline to a 2-week low of 1.2973, subsequent bounce to 1.3028 suggests fall fm last week’s 1.3202 top to correct recent rise fm 1.2745 (Apr) has made a temp. low n consolidation is seen b4 extending weakness twd 1.2920 (61.8% r). Sell on further recovery for this move n only abv 1.3085 risks stronger retrace. twd 1.3120/30. STRATEGY : Sell at 1.3045 OBJECTIVE : 1.2950 STOP-LOSS : 1.3090 RES : 1.3033/1.3085/1.3130 SUP

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DAILY OUTLOOK EUR/USD : April 24, 2013

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