Tuesday, July 27, 2010

7/27/2010 Forecast

GU and EU making sporadic moves not making upward stophunt. Traders are both long and short, don't want profit booking for long. They will hold around psych level. Slide UJ, then EU and GU, handling crosses.

When net change is less than 30 pips they will make lackluster move.

Japanese: Swing Slide
London: Swing Slide
US: Quick drop, firm up

Tomorrow: nominal swings, holding and slide.

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