Friday July 9, 2004 - 11:44:50 GMT
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I-Knowindices - i-knowindices.com
EURO and GBP are expected correct big for the week end during US session......
Traders have turned bullish in EURO and GBP during the trend reversal firming up moves...when all turn long in other majors and expect some one to buy at higher levels who is the buyerat that higher level?...market makers have exited from their long positions ahead of the traders and expect them to sell during drop in distress.......
The high for the season is set in EURO and GBP and for the next 2 months they will correct with swings...in this process USD is expected to gain the lost ground......it may look against the marketand chartists expectations...you can watch and understand .....
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