Thursday May 6, 2004 - 06:38:15 GMT
Share This Story
I-Knowindices - i-knowindices.com
EURO and GBP are expected to dip and rise more for the week end before the reverse....
Now you see EURO and GBP are near the week high....they are expected to drop quickly as profit booking move during the start of todays european session ( 7-9 GMT ) and then consolidate at lower level to rise again towards the close of european session and rise more during US session.....so you can do buy and sell trade as safe trades by taking long positions during drop once the low is set and not cut for more than 30 min and then try to sell them tomorrow during week end short covering......
recommended entry and exits
Euro = buy 1.2045 stop 1.1987 exit 1.2256
GBP = buy 1.7845 stop 1.7787 exit 1.8134
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."