Monday June 7, 2004 - 14:05:24 GMT
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I-Knowindices - i-knowindices.com
EURO and GBP are expected to swing either way for a week before the long term corrections.....
It appears that USD is under pressure...but the market is expected to have big either way swings for this week......
Euro is expected to rise to the level of 1.2376 and then see the low of 1.2087 and GBP is expected to swing to reach 1.8545 on the higher side and 1.8123 on the lower side......
hence it is better to watch and do swing trades rather than taking entry in the middle levels seen during week beginning....
USD/YEN and USD/CAD are expected to rise with frequent dips and the dips may misguide the traders but they are trap moves..it is adviable to do buy and sell trades in them.....
keep in mind that from 21 -23 Jun USD is expected to gain for 73 trading days
hence do not become bullish on EURO and GBP .........
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