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Daily Market Outlook |
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| Daily
Market Outlook (09 May 2008) |
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| Update
Time: |
09 May 2008 08:03GMT |
| Next Update
At: |
00:30GMT |
EUR/USD - 1.5464
Euro's rise from yesterday's low at 1.5285 is viewed as a retracement of recent decline and consolidation with upside bias remains for further gain to 1.5480/90 but overbought condition should cap upside below 1.5530 and risk has increased for a retreat later.
On the downside, below 1.5390 would bring pullback to 1.5340/50 but aforesaid support at 1.5285 should remain intact. |
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