EURO and GBP firmed up yesterday towards close.But without sustaining the high they are making the swing and slide during japanese session.

A quick drop and firming up may be seen during european session.if the firming up is not happening then then the drop during early US session may be big to make low lower than yesterday low.

Euro breached the initial low 1.4097 and staying below that for more than 30 min indicating atleast for 2 hrs a slide.USD/CHF may swing and gain during the day as it has breached the initial high and staying above it.Euro/GBp may slide and EURO/CHF may gain during the day.Yen crosses may swing and make nominal gains.

Gold and silver are expected to slide from European session.

watch the moves and take trading decisions.




Views: 32

Comment by MarlonF on July 19, 2011 at 6:07am
can we expect silver to fall to around 38 area today or this week for that matter?
Comment by dev on July 19, 2011 at 7:20am
Dear Doc...As expected E/U has gone up and closed the last week gap...i think now the pair may come down...Your comment pls.
Comment by Dr. Sivaraman on July 19, 2011 at 7:21am

Dear Marlon

Silver is expected to slde from european session.



Comment by Dr. Sivaraman on July 19, 2011 at 7:22am

Dear dev

There is rise and breach of high in euro and aud during gap time.may be a false rise before the slide during session.



Comment by dev on July 19, 2011 at 7:24am
Thanks doc...
Comment by Santosh Tiwari on July 19, 2011 at 7:26am
not only in Euro and Aud but in GBP , Silver and gold as well
Comment by ceasar on July 19, 2011 at 7:27am
Dr. you still expect slide in AUD/USD and Gold & Silver...for today...!!!!!!!!!!
Comment by Dr. Sivaraman on July 19, 2011 at 8:29am

Dear santhosh

yes they breached the initial high in euro,gbp and aud and staying above for more than 30 min- so the slide can happen only after 2 hours as extended move is seen.



Comment by Dr. Sivaraman on July 19, 2011 at 8:31am

Dear Ceasar

The slide in GOLD and silver were expected to happen during European session.Current move may be a to induce traders to take long positions before the next slide.



Comment by Santosh Tiwari on July 19, 2011 at 8:41am

I would suggest using "slide may happen after two hours" . The key word is "may". sorry to be pedantic about word use but that has been a major source of confusion here .The different words convey different level of certainty on your part. My apologies if it was an intention to convey that level of certainty by using the word "can" which is a much stronger word than may.


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