EURO The euro gained ground vis-

EURO The euro gained ground vis-

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- The Chicago Purchasing Managers Index (PMI) rose to 48.2 from 44.5 m/m, beating expectations of a reading of 46 or so. Note that a figure below 50 indicates a contraction in manufacturing activity. This moderately less grim snapshot of US manufacturing helped boost the DJIA in early trading. - The New England Journal of Medicine published a damning editorial on Sunday, stating that lucrative and widely prescribed cholesterol drugs from Merck and Schering-Plough may not work and should only

******************************************* INTRA-DAY EUR/USD OUTLOOK :                1.5844 Updating time :31 Mar 2008 14:59 GMT Lack of follow through buying abv 1.5859 n pre- sent strg retreat fm 1.5897 suggest further choppy consolidation wud be seen n another pullback twds 1.5800 cannot be ruled out, however, reckon 1.5760 wud remain intact today. In view of this, exit long n stand aside. Abv 1.5897 wud bring

*************************************************** Update Time:     28 Mar 2008 08:20GMT INTRA-DAY EUR/USD OUTLOOK - +1.5745+ Euro has edged lower in tandem with intra-day selloff in cable, suggesting nr term downside bias remains for marginal weakness, however, as broad outlook is consolidative, reckon y’day’s 1.5726 low wud hold fm here n yield subsequent rebound. Turn short on minor recovery for 1.5745 n only abv 1.5818/23 wud risk re-test of 1.5859…    Rate:

  This Week 31 Mar - 04 Apr 2008. Other majors are expected to make higher level consolidation with upward stop hunts and then drop big in coming days. Quick rises during  week  beginning are sell opportunities in other majors to cover later . Do not get trapped with bullish or bearish feel in any pair at lower/higher levels - You can do directional swing trades of sell and buy in other majors. Expected weekly support and resistance Currency

This session trend: other majors are expected to make swing moves and  slide

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