Wednesday, August 27, 2008

27/8/2008: Intraday Time Forecast for EURUSD

My first post on time forecast:

1. 11:00 GMT (+/- 1hr)
2. 15:00 GMT (+/- 1hr)

Usually these times turn out to be either a change in direction or a breakout.

It has been my observation that if the forecasted time coincides with an economic news release, a big move is bound to happen. Let's see how it turns out for today.

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