Wednesday, April 15, 2009
Intra-day Analysis
EURUSD
EURUSD is currently between two important levels, i.e., 1.3250 and 1.3350
Break to either side will see an extended move but looking at current trend, buying EURUSD seems a better option at the moment.
GBPUSD
GBPUSD is moving in a sharp upward trend and buying GBPUSD at retracement dips seems order of the day. Looking at the current trend we should expect GBPUSD breaking above 1.5000 level.
USDJPY
USDJPY is looking to complete its retracement till 98.50 level and it is an important level considering both daily and weekly charts so buying around that level can be fruitful.
EURUSD is currently between two important levels, i.e., 1.3250 and 1.3350
Break to either side will see an extended move but looking at current trend, buying EURUSD seems a better option at the moment.
GBPUSD
GBPUSD is moving in a sharp upward trend and buying GBPUSD at retracement dips seems order of the day. Looking at the current trend we should expect GBPUSD breaking above 1.5000 level.
USDJPY
USDJPY is looking to complete its retracement till 98.50 level and it is an important level considering both daily and weekly charts so buying around that level can be fruitful.
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