Monday November 10, 2008

EUR-USD
It should test 1.2785 area after which a sell off down to 1.2660 or extended to 1.2558 area is expected.

GBP-USD
It should see a sell off to below 1.5512 while 1.5695 area curtails its upside. A break beyond 1.5854 will abort the downside.

USD-JPY
It looks set for gains to above 99.09. Supports at 97.55 and 97.92. A break of 97.17 will damage this bullish structure.

USD-CHF
Current upmove should continue up to 1.1817 or 1.1865. Any correction should find support in 1.1749 - 1.1725 zone.A break above 1.1829 could accelerate the move up.

*Note : Today open market GAP around 30pips..so,bcarefull trade today...:)