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EURO and GBP are expected to swing and rise

By:

i-knowindices

27-08-2008

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After prolonged lower level consolidation and downward stop hunts,EURO and GBP are expected to make a quick dip during 11-12 GMT and thn rise big during US session.Quick drops are buy opportunities in them.

Big market players create the market sentiments and act against the traders when they fail to realise that they are selling near the low for the season.
USD/YEN is expected to dip along with EURO and GBP to drop the YEN crosses and hit lower level stops below low and then rise aggressively.
Regards

Dr.Sivaraman

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