Friday November 7, 2008

EUR-USD
Market should not go lower than 1.2582. After this move down it should go up to 1.2697 - 1.2783 area.

GBP-USD
Market should meet resistance at 1.5745. We expect then an extended move down to 1.5576 -1.5269 area.

USD-JPY
Current fall is near an end of wave around 97 - 97.07 zone, a rally should then procede to above
98.22 or 98.45. Fall below 96.8 would cancel this scenario.

USD-CHF
Current rise seems to be over near 1.1788 or 1.1861 for a retracement towards 1.1715 - 1.1675 area.