Holding high
EURO and GBP made wide swings during japanese session.they are holding high during Early european session.the initial highs are not breached till now.AUD and USD/CAD are showing negative net changes indicating in thin volume condition the players are handling the crosses.may be traders wait for tomorrow FOMC rate decision.
Forecast is expecting the slide during early European session and US session,may be after short covering the moves may happen.
Regards
Dr.Sivaraman
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Comment by manan shah on June 21, 2011 at 9:52am -
hello dr,
so real move is going to be on USD rally means euro and gbp going down? do you see 1.4000 and below 0.8800 on euro/gbp?
thanks
manan
manan
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Comment by Vinesh Jagmohan on June 21, 2011 at 2:22pm
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Doc you do you expect USD/CAD to rise and AUD/USD to fall?
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Comment by Dr. Sivaraman on June 21, 2011 at 2:30pm -
Dear manan
EURO is expected to swing and slide by month end and in July.Also EURO/GBP is expected to fall below 0.88 - the holding pattern indicates the posibility of such drops .
Regards
Dr.Sivaraman
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Comment by Dr. Sivaraman on June 21, 2011 at 2:31pm
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Dear vinesh
yes expected.
Regards
Dr.sivaraman
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