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Forexpros.com Daily Analysis - 18/05/2009

Discussion in 'Fundamental Analysis' started by ForexAnalysis, May 18, 2009.

  1. ForexAnalysis

    ForexAnalysis Contributing Member

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    EURO is expected to swing and rise
    EURO made the high 1.3489 and low 1.3425.The drop is week beginning false move. It is expected to make a new low below the low briefly during close of Japanese session and then swing and rise during European session to dip again towards close of European session to rise during US session above high.


    GBP/USD is expected to swing and rise
    GBP made the high 1.5178 and low 1.5120.The drop is week beginning false move. It is expected to go near low briefly during close of Japanese session and then swing and rise during European session to dip again towards close of European session to rise during US session above high.

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

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