Wednesday November 5, 2008

EUR-USD
Difficult to predict next move. It should stay in a trading range between 1.2851 - 1.3372 .A break of 1.3179 is needed for a continuation of up trend .

GBP-USD
It may attempt a test higher to 1.6032 after which weakness may set it to a drift down to below 1.5672 limit.

USD-JPY
Strength can extend to 100.13 or even higher than 100.71 as declines are expected to find support at 99.05 or 98.54. Stop Loss below 97.38 zone.

USD-CHF
Current move should be supported in 1.1598 zone for a rise to above 1.1899. A break below 1.1433 opens the way down.