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EURO and GBP are expected to swing and firm up for mid week

Posted on October 15, 2008 at 4:05 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

Today’s expected moves:EURO and GBP are expected to slowly firm up from low during Early and late Japanese session.Quick drop and firming up moves expected during Early European session and quick rise expected from mid till end of European session.Gap time dip and then further rise expected during US session as mid week moves.

EURO and GBP are expected to close above yesterday’s high as per the expectations.Still readers are requested to use other analysis to take trading decisions.

Tomorrow (16 Oct) during free access day I will be presenting live webinars - Tracking the forex market together part I and part Ii by 10:00 and 13:00 GMT.Those who are interested to know about expected market moves and trading strategies using hedging can register for the same and attend using the below given links for the 2 sessions.

http://www.fxstreet.com/live/sessions/session.aspx?id=2cb593d1-4708-45dd-bcd0-df5be3c14bf8

http://www.fxstreet.com/live/sessions/session.aspx?id=e3ab6dce-cfa6-4eb6-8252-72ccd9b3d980

Regards

Dr.Sivaraman

2 Responses to “EURO and GBP are expected to swing and firm up for mid week”

on 15 Oct 2008 at 7:50 am1Dr Neil

Dear Doc,

In trading always expect unexpected. You expected an gap opening, it happened, but it was downward gap agaist your expectation of upward gap. Anyways best luck for your webinars, hope few attend that.

Rgrd
Dr Neil
on 15 Oct 2008 at 1:07 pm2jilli

Dear Dr,

When do you think gbp/usd will be above 1.8 levels?

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