Monday August 16, 2004 - 03:11:03 GMT
Share This Story
I-Knowindices - i-knowindices.com
EXPECTED MOVES FOR EURO AND GBP IN THE WEEK
EURO and GBP are expected to consolidate at higher levels for a day and then commence the correction unassumingly .....hence sell other majors during stop hunt firming up moves near the highs set for the day.....now traders expect the economic condition should rule the market...but when all turn long in other majors,who will buy from them at higher levels,the market revesals happen during such conditions....
You can sell euro when it is in the range of 1.2378 - 1.2411 and GBP 1.8434 -1.8467 and use trailing stop to maximize the profits in your position trading.....the correction in other majors is expected to last till month end with swings and no big pull backs......
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."