Thursday November 6, 2008

EUR-USD
Strength can extend to 1.3036 or even higher than 1.3116 as declines are expected to find support at 1.2875 or 1.2794. A fall below 1.2633 could turn it bearish.

GBP-USD
It is a triangle configuration. Market should break either side. Acceleration should occur above 1.6198 or under 1.5753 limits.

USD-JPY
Market should meet resistance at 98.58. We expect then an extended move down to 97.9 -96.01 area.

USD-CHF
Current fall seems to be over near 1.1566 or 1.1506 for a rebound towards 1.1626 - 1.1664 area.