Monday July 12, 2004 - 14:25:39 GMT
Share This Story
I-Knowindices - i-knowindices.com
EURO and GBP are expected swing and reverse for a prolonged period......
Higher level stop hunts are done mostly in EURO and GBP during the final phase of the trend reversal which will set the direction for 2 months from now on....in this process USD will gain strength unassumingly.......From the high of 1.2435 ,EURO is expected to revisit below 1.1800 and GBP is expected to slide from 1.8662 to 1.7647 area in coming trading days......
understand the market and do trades without any bullish or bearish feel in any pair...they are tradable...during trend reversals the attributes and expectations of the levels might be many,but later the change in perception will ignore the bullish and bearish traders unprotected,they lose the short unnoticed....
Forex Trading News
Daily Forex Market News
Forex news reports can be found on the forex research
headlines page below. Here you will find real-time forex market news reports
provided by respected contributors of currency trading information. Daily forex
market news, weekly forex research and monthly forex news features can be found
Real-time forex market news reports and features providing
other currency trading information can be accessed by clicking on any of the
headlines below. At the top of the forex blog page you will find the latest
forex trading information. Scroll down the page if you are looking for less
recent currency trading information. Scroll to the bottom of fx blog headlines
and click on the link for past reports on forex. Currency world news reports
from previous years can be found on the left sidebar under "FX Archives."