EURO is losing levels during mid US session

EURO gained during mid European session.Then after 150 pips gain the high was not vut for 2 hrs- then the slide happened as expected the intentional move- so the players gained the levels and induce short covering and built sell positions.

late US session the slide is expected to intensify.That may continue till tomorrow early European session.

Since they are building sell positions now - there may be continuation of the slide during week end .

i will read their moves and post here the expected moves before and after NFP data.

Regards

dr.Sivaraman

Tags: EURO

2 members like this

Comment by Vijay Raghavan on June 2, 2011 at 3:53pm: Thanks Dr. Sivarmanan. Made 66+ Pips on the EUR slide. Missed out on the pound though. Will catch that also on your next prediction

Vijay Raghavan

Comment by Rony on June 2, 2011 at 4:16pm: Thanks Dr Sivaraman.

Made enough pips for today .

Comment by Roshan Naidu on June 2, 2011 at 4:57pm: Dear Doctor, what is happening with euro. the recent drop has almost completely retraced. what are your expectations for the late US session ? also, how do we understand this recent up move in euro ?

Regards

Comment by Amit Singh on June 2, 2011 at 5:08pm: Dear Doc,

I have the same question as Roshan. The slide which has happened as expected has completely retraced . Will it be right to say that we have read the market incorrectly as this was not an expected move.

On that premise , the deduction that they are building sell positions , how correct is that now ? because if they are building the sell positions that they wont retrace . What ever I have learnt from your postings is that from the market behaviour we should read the operator's intentions . what is the retrace telling us now ? Is it more like they tempted the traders to take sell positions before they start moving up.

your comments will be helpful