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Sunday, July 24, 2005

forex forecast for EURO/USD 25th 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 - 25th 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 weak and volatility expected, will become very weak during mid GMT trading Hrs. EURO/USD shows support at 1.1889 closing will be weak.

spot- trade- clues
Buy EURO/USD during 12:00-13:00 GMT trading Hrs below 1.1889 level and sell EURO/USD during 20:00-21:00 GMT trading Hrs above 1.2098 level

Trade Signal - Trend and Timings
Trend for the day: Downward till 12:30 GMT and upward till day end with intermediary swing of 35-45 Pips

Buy/Sell Time level/limit Stop
Sell 01:30 PM 22-26 pips above
Buy 07:30 PM
Sell 08:30 PM 22-26 pips above
Buy 13:00 PM
Buy 13:00 PM 22-26 pips below
Sell 21:30 PM
Time - GMT Hrs , PM- Prevailing Market

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