European session higher moves

EURO,GBP and AUD breached the initial highs set during japanese session.They are holding above the initial highs- it may be extended move.it may prevail for 2 hrs .Once they come below low we may see slide from mid session.if they systain above initial high then it could be intentional move - then we may see again holiding high condition.I will review the market and give update during this session.

Regards

Dr,Sivaraman

Tags: AUD, EURO, GBP

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Comment by Dr. Sivaraman on July 28, 2011 at 9:02am: Dear All

EURO,GBP have come below initial high - the rise appears as upward stop hunt before further slide.

Regards

Dr.Sivaraman

Comment by nader on July 28, 2011 at 9:19am: hello Doc

Do you mean this slide will begain during this session?

Thanks

Comment by Dr. Sivaraman on July 28, 2011 at 9:38am: Dear Nader

the slide may turnout to be a drop during late european and us sessions.still we watch and confirm it.

Regards

Dr.Sivaraman

Comment by nader on July 28, 2011 at 9:41am: Thanks Doc

Comment by ATF on July 28, 2011 at 9:45am: Thanks Doc !!

Comment by mohi on July 28, 2011 at 10:13am: Good stuff Doc

Comment by Vijay Raghavan on July 28, 2011 at 10:16am: Good Call doc. Euro has slid from 4380 to 4270 and still going down. Thanks

Comment by prince NG on July 28, 2011 at 10:54am: Thanks Dr,please do you see GU coming any where 1.6200 this week ?

Comment by Dr. Sivaraman on July 28, 2011 at 11:01am: dear price

GBP is known to follow EURO in that process EURO/GBP is being handled - so GBP slide and drop later to reverse euro/gbp to firm up again they drop gbp more than euro.

hope such moves may happen during today.

Regards

dr.Sivaraman