Monday, April 13, 2009
Week Ahead (April 13 - April 17)
EURUSD
Last week EURUSD moved very nicely, started just below 1.3600 and resumed its downward trend after completing retracement during week before last one.
During this week, it seems to stay in downward trend and possible range seems between 1.3300 and 1.3000 levels.
Selling above 1.3250, ideally around 1.3275 seems good trade.
GBPUSD
GBPUSD stayed a bit quite, as compared to its usual volatility, during lasy week and it is looking to take a dip below 1.4500 level.
We might see a quick dip to 1.4450 level by GBPDSD earlier this week and then rising to 1.4700 level.
Last week EURUSD moved very nicely, started just below 1.3600 and resumed its downward trend after completing retracement during week before last one.
During this week, it seems to stay in downward trend and possible range seems between 1.3300 and 1.3000 levels.
Selling above 1.3250, ideally around 1.3275 seems good trade.
GBPUSD
GBPUSD stayed a bit quite, as compared to its usual volatility, during lasy week and it is looking to take a dip below 1.4500 level.
We might see a quick dip to 1.4450 level by GBPDSD earlier this week and then rising to 1.4700 level.
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