The forecast was created by trans1.
| Market is expecting important news…Rate dynamics and recommendations on EUR-USD and GBP-USD. |
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13:30 07/28/2004 |
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Market is expecting important news…Rate dynamics and recommendations on EUR-USD and GBP-USD.
Recommendations: technical situation can also be regarded frommthe other side. Short-term downtrend on the Euro and pound sterling can be regarded as a start of long-term downtrend, whereas short-term trend as the development of first wave of a trend. In this case, we can consider short-term positions when breaking out 1,83 on GBP and 1,2060 on EUR with long-term targets at 1,8020 and 1,1840 and short-term targetsat 1,8220 and 1,1960 respectively. Arrange stop taking into account concrete situation but not closer than 100-120 points.
The forecast was created by trans1. |
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