FOREX FORECAST & ANALYSIS
Daily Report
By J. Enrique Tolentino S.
http://www.gcmreach.com
Asia Session Open: Tactical Strategy for Monday September 4th, 2006: EUR/USD
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Medium Term Trend: As long as 1.2860/2980 resistance hold, chance 4 a RVSL is around the corner. Need 1.2670 break 2 continue lower to 1.2595/2455 & 1.2320
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Asian Session Expected Movement: ↓
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Today's Trade Analysis: Dull August is gone now. As September start the last quarter, volatility will increase. 1.2845/75 should contain rise & spark poweful fall
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Supports: 1.2775/1.2740/1.2710 Resistances: 1.2845/1.2875/1.2905
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Plan: Sell 1.2860, stop re-entry 1.2910, SL 1.2960, 4 downmove tward 1.1.2715/2670 [read document]
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