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Forexpros.com Daily Analysis - 13/05/2009

Discussion in 'Fundamental Analysis' started by ForexAnalysis, May 13, 2009.

  1. ForexAnalysis

    ForexAnalysis Contributing Member

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    EURO /USD to make volatile moves for mid week
    EURO/USD made the firming up moves towards close of US session yesterday as expected.
    Today EURO opened nominally up during start of Japanese session setting the high as 1.3721 and low as 1.3641.it is expected to slide initially up to low towards close of Japanese session and then rise during early European session near high and then slide from mid European session through early US session and near low it is expected to swing till close of US session.


    GBP/USD to make volatile moves for a day
    GBP/USD made the firming up moves towards close of US session yesterday as expected.
    Today GBP opened nominally up during start of Japanese session setting the high as 1.5320 and low as 1.5253.it is expected to slide initially up to low towards close of Japanese session and then rise during early European session near high and then slide from mid European session through early US session and near low it is expected to swing till close of US session.


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


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