Tuesday, June 27, 2006 0:48 GMT Daily Report By J. Enrique Tolentino S. http://www.gcmreach.com
Asia Session Open: Tactical Strategy for Tuesday June 27th, 2006: EUR/USD
*************************************************************** Medium Term Trend: Euro’s need 1.2530 break for ST downmove confirmation. If does will reach 1.2410 & 1.2335/05 target initially; if not, then will challenge high. *************************************************************** Asian Session Expected Movement: Down
Today's Trade Analysis: Euro downmove still in progress. Now, 1.2615 level will provide enough resistance & send trend lower once again, this time reaching 1.244 ------------------------------------------------------------------------------------------ Supports: 1.2555/1.2530/1.2495 Resistances: 1.2615/1.2645/1.2680 ------------------------------------------------------------------------------------------ Plan: Sell 1.2615, stop above 1.2665, 4 downmove resume toward 1.2440 & 1.2355
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