Monday January 10, 2005 - 03:30:53 GMT
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I-Knowindices - i-knowindices.com
EURO and GBP are expected to swing and firm up
EURO and GBP corrected big for the first week of the year.....market means swings...
now the lower level visible short sellers will be trapped before further downward move....
hence do either strategic trade of buy and sell in euro and gbp or wait for the full rise to initiate shorts in them
CURRENCY BUY LEVEL SELL LEVEL STOP
EURO/USD 1.3012 1.3223 1.2945
GBP/USD 1.8667 1.8856 1.8578
No bullish or bearish feel in any pair...
the operators are known to create sentiments,induce traders to commit and then act against the market sentiments to earn from the traders
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