Forex Signal, 11 Sept 07

Tuesday September 11, 2007


EUR-USD
1.3802. Current rise should end around 1.3795 or 1.3823. Objectives of this downmove are 1.3773 or 1.3745. A rise above 1.3845 is again bullish.
USD-CHF
1.1865. It should test higher than 1.1883. Entry point are at 1.1853 and 1.1844. A break of 1.1823 is bearish.
USD-JPY
113.71. Is expected to fall lower than 112.04. Entry sell point are at 113.86 or 114.27 . Stop loss above 114.27.
GBP-USD
2.0277. Decline should be supported around 2.025 - 2.0222 zone for rally to above 2.0358. A clear break of 2.0222 will damage this expected rally.
EUR-CHF
1.6376. It should test 1.64 area after which a sell off down to 1.6341 or extended to 1.6306 area is expected.
EUR-JPY
156.96. It should test 158.36 area after which a sell off down to 155.63 or extended to 154.29 area is expected.
EUR-GBP
0.6806. Current rise should end around 0.6799 or 0.6816. Objectives of this downmove are 0.6790 or 0.6773. A rise above 0.6825 is again bullish.
AUD-USD
0.8258. Market should hold major support at 0.8159 before rising towards 0.8296 or even 0.8335 limit.
USD-CAD
1.0520. There are initial signs of a good corrective recovery towards 1.0556 or even 1.0568. Supports at 1.0519 and 1.0494 zone.

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