Wednesday November 12, 2008

EUR-USD
Market should meet resistance at 1.261. We expect then an extended move down to 1.2473 -1.2259 area.


GBP-USD
Market should meet resistance at 1.5483. We expect then an extended move down to 1.5341 -1.5086 area.


USD-JPY
One more dip to 97.21 is likely followed by a grind higher to above 97.98. After which it can resume his downtrend.


USD-CHF
Market looks set for gains towards 1.1928 or above in extension. Dips should find support at 1.1827 - 1.1801 zone.