wide range moves

EURO and GBP are making wide range moves - down and up and then down moves to hit the stops and to build higher level sell positions by the players.

EURO and GBP are expected to swing and then slide suddenly during this session and continue the drop during monday as week beginning false move and also on Tuesday as month end move.

Regards

Dr.Sivaraman

Tags: EURO, GBP

4 members like this

Comment by Pedma Jungne on May 27, 2011 at 4:01pm: Dear Dr,

Thank you very much for your great market reading. I still have a Long position of EUR at 1.43. Do you mean, early on Monday as the Japan session begin, I must close the position, because it will slide (big enough) on Monday & Tuesday ? Today the pending home sales (USD) gave a perfect value for EUR to running up. Will it give big effect for Monday or the big player will do like usual ?Please advice.

Thanks Dr.
Regards,

- pedma -

Comment by Dr. Sivaraman on May 27, 2011 at 4:08pm: dear pedma

try to exit out of the long in EURO during us session and try to buy during early next week drop.

Regards

dr.sivaraman

Comment by mike march on May 27, 2011 at 4:13pm: Just so I can understand your terminology, This big drop in EURO will be 50 to 100 pips or more like 200 to 300 pips?

Comment by ATF on May 27, 2011 at 4:23pm: THANKS ALOT DOC.

U R THE BEST>

Comment by BN on May 27, 2011 at 4:28pm: Hi Doc, I was expecting a drop per your market readings but it has not happened yet. How big of a drop are you talking about? will it go back to 1.4 level or even lower?

Comment by Sundaram on May 27, 2011 at 4:36pm: Dear Dr,

The drop to start at the last half hour of US session? What can we expect on Monday Japenese session?

Comment by Dr. Sivaraman on May 27, 2011 at 4:44pm: Dear march,Ben and sundaram

There may be a drop of 100 + pips in euro and GBp during late session and monday they might open lower and drop more as week beginning false move

Regards

Dr.Sivaraman

Comment by Sundaram on May 27, 2011 at 4:46pm: Thank you Dr.

Comment by BN on May 27, 2011 at 4:55pm: Thank you Doc. I have been following you on this blog for a while and it seems that you are dead on the spot with your analysis. I was wondering how you do it so perfect every time?

Comment by Dr. Sivaraman on May 27, 2011 at 4:58pm: Dear Ben

any one can do that - today druing "Tracking the forex market together part I and part II" webinars,I explained how to track the market .The webinars are being recorded and they will be available mostly by Monday in archieves session under webinar in www.fxstreet.com .You can listen to them and develop the skill set in case you have not attended the webinar live.

Regards

Dr.Sivaraman