EUR/USD FORECAST
Wednesday, November 10, 2004 3:01 GMT
Daily Forecast
by ForexForesight
http://www.forexforesight.com


EUR/USD may Increase Today
EUR/USD may rise to the new high of 1.3015/30
after touching the low level at 1.2850/30.

Therefore, buy EUR/USD at 1.2850 with stop loss
at 1.2810 and book profit at 1.3000.



NOTE:

1. Investors should always trade in EUR/USD alone
without concentrating on many currencies. EUR/USD
moves in a disciplined manner which is not found in
other currencies.

2. Always operate with 30+ points stop loss above or
below the entry level.

2. Always, in a day, make it a point either to BUY if
low price achieves first or to SELL if high price
achieves first.

This is because, the market may move reversely
i.e., on a bullish day, the market may come down
after touching the high level first and, on a bearish
day, it may achieve the low price first and then
will go to the high price.