Extended rise in EURO
While holding GBP EURO made the quick rise to make extended stop hunt in EURO/GBP.USD/CHF is making the downward move below psychological level 0.86 area.Except EURO all other majors are showing negative net changes .quick moves are false moves in the market- they are made by the players to hit stops and counter positions.Now EURO,USD/CHF and USD/YEN haves under gone the quick moves - next may be GBP.
Regards
Dr.Sivaraman
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Comment by jefe on May 3, 2011 at 7:29pm -
Dr,
GBP cut low and returned along with GBPJPY
AU cut low and regained
UCHF has only been making lower swings and UCAD was held near high
Looks like preparing for USD weakning for asia london wed- possible EU extended upwards to continue along with GU and more down side on UCHF with consolidation on UCAD
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Comment by Dr. Sivaraman on May 4, 2011 at 6:03am -
dear jefe
The way they are not holding near high in EURO or near low in USD/CHF indicate that the reversal of them could be fast.to create artificial sentiment they may rise GBP instead.and then drop.
Regards
dr.Sivaraman
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