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Tuesday, July 12, 2005

Forex forecast EUR/USD 11th July 2005

The 24-hrs forecast based trend chart gives the expected trend for day during the three different sessions -Japanese, European and US.

Intra-day forecast (EURO / USD - 11th Jul)
USD will become strong against other majors. EURO/USD will gradually become weak - Long term downward phase.
Early trading Hrs, EURO/USD will be very weak and volatility expected, will become weak during late GMT trading Hrs. EURO/USD shows support at 1.1876 closing will be weak.

spot- trade- clues
Buy EURO/USD during 08:00-09:00 GMT trading Hrs below 1.1876 level and sell EURO/USD during 23:00-24:00 GMT trading Hrs above 1.2078 level

Trade Signal - Trend and Timings
Trend for the day: Wild swing till 13:30 GMT and upward till day end with intermediary swing of 35-45 Pips
Buy/Sell Time level/limit Stop Sell 02:30 PM 22-26 pips above Buy 08:30 PM Buy 08:30 PM 22-26 pips below Sell 14:00 PM Buy 15:30 PM 22-26 pips below Sell 23:00 PM Time - GMT Hrs , PM- Prevailing Market


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