Tuesday November 4, 2008

EUR-USD
There is bearish potential for a fall to 1.2526 or 1.2408 while 1.2771 - 1.283 resist. After this fall a recovery up to 1.2771 or 1.2830 is expected.

GBP-USD
There is bearish potential for a fall to 1.5602 or 1.5383 while 1.611 - 1.6219 resist. After this fall a recovery up to 1.6110 or 1.6219 is expected.

USD-JPY
A correction down to 98.34 folowed buy a mouve up to 99.39 or 99.78. A break above 100.43 would accelerate this bullish move.

USD-CHF
Uptrend is still intact in a triangle configuration. It should continue to rally to 1.1786 or 1.1931 if support around 1.1657 hold. After which a pullback to 1.1657 - 1.1611 zone is possible.