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Forex Pub Report, October 17, 2005 |
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We look for the Euro to continue strengthening throughout the
week. Momentum looks set to turn bullish on a sustained break
above 1.2100
and should set off a dramatic short squeeze back up to 1.2200/1.2250.
...and the experts say...
(i-knowindices.com) EURO will be moderate initially around 1.2074 level due to less USD
demand, towards mid-week it is expected to become weak to the level of
1.2023 and by week end is expected to become firm to the level 1.2367.
Wide-range swings are expected with high intra-day volatility Good time
to do strategic swing trades. Buy during correction and cover during
rise.
(more)
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Forex Report