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Time to sell EURO and AUD....

This is a discussion on Time to sell EURO and AUD.... within the Forex Expert Forum section, part of the Forex Forum category; Operators are making varied moves of rising EURO/USD and dipping GBP/USD to handle the European crosses.They are ...


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Old 01-14-2008, 08:48 AM
Dr.S.Sivaraman Dr.S.Sivaraman is offline
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Join Date: Aug 2007
Posts: 49
Smile Time to sell EURO and AUD....

Operators are making varied moves of rising EURO/USD and dipping GBP/USD to handle the European crosses.They are making final reversal move in AUD/USD.So it is time to short AUD/USD around 0.8993-0.9009 area and wait to book profit of more than 250 pips in your position trade.
EURO/USD is in reversal process to drop European crosses and during that time GBP/USD will rise and Euro will swing and slide.Take sell position in EURO/USD around 1.4890-1.4915 area and wait to close below 1.4350 in a fortnight time.Wait for the full rise in GBP/USD to short it when informed.
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Dr.Sivaraman
dr@i-knowindices.com
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