Tuesday, May 1, 2007

May 1, 2007

GBP/USD
It should trade lower to 1.9914 or 1.9834 in extension while 1.9973 - 2.0013 offer resistance. A break of 2.0053 will damage this bearish view

EUR/USD
A corrective/consolidation activity between 1.3598 and 1.3673 is likely for a while.


Elliot Wave Based
GBP/USD : extension wave down 1.9865
EUR/USD : impulse wave up 1.3733

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