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Forexpros.com Daily Analysis - 05/11/2009

Discussion in 'Fundamental Analysis' started by ForexAnalysis, May 11, 2009.

  1. ForexAnalysis

    ForexAnalysis Contributing Member

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    EURO/USD is expected to swing and slide for a day
    EURO after making upward rise for week end as expected by us is going to slide today as week beginning false drop before further rise from mid week.
    It has formed 1.3667 as high for today and then started the slide to 1.3592.it is expected to swing and slide further to 1.3487 area today.


    GBP/USD is expected to swing and slide for today
    GBP after making upward rise for week end as expected by us is going to slide today as week beginning false drop before further rise from mid week.
    It has formed 1.5263 as high for today and then started the slide to 1.5192.it is expected to swing and slide further to 1.5037 area today.



    Analysis by: http://www.Forexpros.com - Written by Dr. Sivaraman

    DISCLAIMER:
    Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
     
    #1 ForexAnalysis, May 11, 2009
    Last edited: May 11, 2009
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