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Forex Video | Set ups 25 Aug '08 | Analysis

Phil Newton's picture

Hi Folks,

UK Bank holiday today and to cut a long story short days like today are normally one of two extremes. Either we will see some mad dog movements OR we will see some sloppy, little or no movements due to reduced volumes during the UK session

GBPUSD and EURUSD have already seen about 65-70% of average days moves already so far and while you can see extended movements beyond these levels the chances are reduced as far as I'm concerned for the moment.

Enjoy

Phil