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Monday, April 24, 2006

Intra-day forecast EURO / USD - 24th April 2006

USD will become strong against other majors. EURO/USD will gradually become weak - Long term downward phase.
Early trading Hrs, EURO/USD will be moderate and volatility expected, will become firm during late GMT trading Hrs. EURO/USD shows support at 1.2312 closing will be firm.

spot- trade- clues
Buy EURO/USD during 02:00-03:00 GMT trading Hrs below 1.2312 level and sell EURO/USD during 23:00-24:00 GMT trading Hrs above 1.2503 level

Trade Signal - Trend and Timings
Trend for the day: Upward till 11:30 GMT and further upward till day end with intermediary swing of 35-45 Pips
Timing:
Buy/Sell Time level/limit Stop
Buy 02:30 PM 22-26 pips below
Sell 07:00 PM
Buy 08:30 PM 22-26 pips below
Sell 15:30 PM
Buy 16:30 PM 22-26 pips below
Sell 23:30 PM
Time - GMT Hrs , PM- Prevailing Market

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