Long liquidation in EURO and EURO/GBP

After the gap time false rise euro came to the earlier level of 1.45 area.When the rise is not happening the higher level long holders are now induced to liquidate the long positions in EURO and EURO/GBP.hence holding gbp EURO made the drop a contrarian move - that was indicated by Majors making USD gaining move and the commodity pairs making USD weakening move during start of US session.

After handling the crosses there might be further fall in majors during monday Japanese session.

Regards

Dr.Sivaraman

Tags: &, EURO, EURO/GBP, Fall

3 members like this

Comment by mohi on May 6, 2011 at 4:35pm: Thank you Doc, only you are capable of forecasts that actually reflects the movement. Well done Sir, thanks

Comment by Sundaram on May 6, 2011 at 4:40pm: Dear Dr,

Do you see AU sliding further from now onwards?

Comment by Dr. Sivaraman on May 6, 2011 at 4:42pm: Dear Mohi

Thanks I am doing all for the benefit of small traders.I am happy if you all earn and get rid off the market fear.

Regards

Dr.Sivaraman