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Monday, December 26, 2005

Forecast EURO/USD for 26th Dec 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 - 26th Dec)
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 moderate during late GMT trading Hrs. EURO/USD shows support at 1.1863 closing will be moderate.

spot- trade- clues
Buy EURO/USD during 01:00-02:00 GMT trading Hrs below 1.1863 level and sell EURO/USD during 14:30-15:30 GMT trading Hrs above 1.1987 level

Trade Signal - Trend and Timings
Trend for the day: Upward till 14:30 GMT and wild swing till day end with intermediary swing of 35-45 Pips
Buy/Sell Time level/limit Stop
Buy 01:30 PM 22-26 pips below
Sell 07:30 PM
Buy 07:30 PM 22-26 pips below
Sell 15:30 PM
Buy 17:00 PM 22-26 pips below
Sell 23:00 PM
Time - GMT Hrs , PM- Prevailing Market

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