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Operators' intentions read by Dr. S. Sivaraman, of i-knowindices.com

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European session expected moves

Posted on October 22, 2008 at 9:32 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

After quick downward move EURO and GBP made the last drop and a quick recovery during late Japanese session and further recovery during early European session.They are expected to recover 50% of the drop from the high or yesterday close ( see net change in live market quote pages -http://www.i-knowindices.com/saxo_bank.htm ) and gain to the area of 1.2967 in Euro and 1.6534 in GBP with 20-50 pips variation from the estimated level and then expected to slide during late European session and early US session for the day.

Still trading has to be done cautiously during extreme volatile conditions of the market.

Regards

Dr.Sivaraman

5 Responses to “European session expected moves”

on 22 Oct 2008 at 10:24 am1pepe

These are my levels for today:
EURUSD: Buy at 1.3140 TP 1.3720 SL 1.3090
GBPUSD: Buy at 1.6615 TP 1.7450 SL 1.6550
USDCHF: Sell at 1.1490 TP 1.1150 SL 1.1530
USDJPY: Buy at 99.60 TP 102.50 SL 99.10
USDCAD : Sell at 1.2175 TP 1.1350 SL 1.2250
EURJPY: Buy at 130.25 TP 138.50 SL 129.70
AUDUSD : Buy at 0.6880 TP 0.7050 SL 0.6845
NZDUSD: Buy at 0.6100 TP 0.6250 SL 0.6050

Valid till tomorrow 8:00 AM London Time
on 22 Oct 2008 at 10:43 am2mike

what is in store for the market durring the US session?
on 22 Oct 2008 at 11:21 am3Dr. S. Sivaraman

Dear Mike
During US session a revisit to low or furhter drop of 30-40 pips below low and a recovery expected.Tomorrow and friday a recovery move is expected,but that will be confirmed if they go above today high (-1.3077 in EURO and 1.6719 in GBP)tomorrow.
Regards
Dr.Sivaraman
on 22 Oct 2008 at 11:34 am4jilli

Dear Dr,

So do you expect gbp/usd to trade above or below current levels of 1.63 in november?
on 22 Oct 2008 at 12:38 pm5Dr. S. Sivaraman

Dear Jilli
My estimate in gbp is above current level in November
Regards
Dr.Sivaraman

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