Comment by Rao Khassan on May 2, 2012 at 12:11pm

Hi Reza, 

thank you for the forecast posted.

Your view on today's trading is max similar to mine. 

Wish you a profitable trading!

Comment by Reza Ajorloei on May 2, 2012 at 12:50pm

Thank you Rao Khassan

Wish my views to be useful.

Comment by Reza Ajorloei on May 2, 2012 at 12:52pm

Euro is trying to fund base around 1.3120, from there we might see brief bounce toward 1.3160/70 resistance.

Comment by Mithun on May 2, 2012 at 1:00pm

Thank u Reza Ajorloei

Comment by Reza Ajorloei on May 2, 2012 at 1:56pm

you'r wellcome Yohan

Comment by Reza Ajorloei on May 2, 2012 at 2:47pm

Euro now is corrected to 1.3160, from here short is recommended for retest of 1.3120/10 before US close. stops above 1.3200/10.

Comment by PRAKASH RANJAN on May 3, 2012 at 10:28am

THANKS MR REZA...UR COMMENTS HELPED TO UNDERSTAND THE TREND IN A BETTER WAY Y'DE N IT HELPED US TO ADD SOME PROFIT ALSO...LOOKING FORWARD ALWAYS 4 UR TIPS. REGARDS..

Comment by Reza Ajorloei on May 3, 2012 at 10:53am

Thanks you Prakash, My comments hope to be useful.

Comment by abdul quader on May 3, 2012 at 3:44pm

sir now wht do u think abt euro ? and can u plz shed some light on GBPUSD ??? thank u ....

Comment by Reza Ajorloei on May 3, 2012 at 5:08pm

Abdul quader

regarding Euro, bounce from 1.3095 low seen as corrective , this correction may end below 1.3180 or extend even to 1.3200/10 area too before next leg down below 1.3100 for test of daily low around 1.3000. Entering short in 1.3180 /1.3200 area is recommended with stops above 1.3220.

Regarding to GBPUSD as you know pair is in bullish trend in daily charts seem in overbought condition now suggesting further consolidation above 1.6120 and below 1.6250, keep in mind in bigger picture 1.6300 high may  act as strong resistance and we may see aggressive sell off to 1.6000 area in coming week.

 

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