|
Forex Pub Report, October 31, 2005 |
|
(www.forexandshares.com) Low of 1.2047 was an immediate target. It is not clear if it may go
down further by 10-20 pips. In case of immediate upmove it may go up
till 1.2108. Weekly and monthly charts are bearish. Movement below
1.2025 will confirm further strength to the downmove.
(more)
(www.i-knowindices.com) EURO will be weak initially around 1.2071 level due to less USD demand,
towards mid-week it is expected to become moderate to the level of
1.2166 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.
Support and Resistant Levels -Resistance at 1.2166 / 1.2367 / 1.2445 support at 1.2034 / 1.2019 / 1.1989 levels.
(more)
|
|
|
Forex Report