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EURO and GBP are expected to swing and firm up

Posted on November 11, 2008 at 5:06 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

EURO and GBP made the swing moves during yesterday US session for week beginning.

Today they have made the swing near yesterday close levels with quick downward stop hunt moves during early Japanese session.They are expected to swing and rise during European session with a slide during late European session to firm up to rise above European session new high during US session.A gain of 200+ pips expected in them towards close of US session.

I will give more updates during the day.

Regards

Dr.Sivaraman

4 Responses to “EURO and GBP are expected to swing and firm up”

on 11 Nov 2008 at 5:22 am1ben

Hi Dr

Thank you for your posting again today.

You mentioned that the gbp and eur will swing and rise today of 200 pips. So are you saying that the eur and gbp will see 1.3 and 1.61 and above respectively ?

I have a hunch you could be right and lets hope you are.

cheers
Ben
on 11 Nov 2008 at 8:41 am2Al

Sure I hope he’s right too .lol.
on 11 Nov 2008 at 10:28 am3ben

Hi Dr

So far in the european session, the eur and gbp are not rising but sliding down slowly.

What is your view on this ?

cheers
Ben
on 11 Nov 2008 at 11:40 am4Dr. S. Sivaraman

Dear Ben
I mean 200+ pips from yeaterday close levels and EURO and GBP are expected to go above todays high soon.
I am posting my analysis and the market has to decide whether the expected moves are to happen or not.
Regards
Dr.Sivaraman

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