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Tuesday, April 11, 2006

Intra-day forecast (EURO / USD - 10th Apr)

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 1.2089 closing will be moderate.

spot- trade- clues
Buy EURO/USD during 03:00-04:00 GMT trading Hrs below 1.2089 level and sell EURO/USD during 23:00-24:00 GMT trading Hrs above 1.2323 level

Trade Signal - Trend and Timings
Trend for the day: Upward till 13:30 GMT and further upward till day end with intermediary swing of 35-45 Pips
Timing:
Buy/Sell Time level/limit Stop
Buy 01:30 PM 22-26 pips below
Sell 08:30 PM
Buy 08:30 PM 22-26 pips below
Sell 15:30 PM
Buy 15:30 PM 22-26 pips below
Sell 23:30 PM
Time - GMT

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