Forex Signal 15 October 07




EUR-USD
1.4177. Our preferred outlook is for a drift down to 1.4150 or below 1.4122. Resistances are at 1.4177 and 1.4181. A rise above 1.4209 would delay but not abort this expected fall.
USD-CHF
1.1844. A correction down to 1.1806 folowed buy a mouve up to 1.1862 or 1.1880. A break above 1.1917 would accelerate this bullish move.
USD-JPY
117.61. Uptrend is still intact in a triangle configuration. It should continue to rally to 117.69 or 118.03 if support around 117.48 hold. After which a pullback to 117.48 - 117.38 zone is possible.
GBP-USD
2.0336. It should test 2.0396 area after which a sell off down to 2.0266 or extended to 2.0196 area is expected.
EUR-CHF
1.6792. Current rise should end around 1.6791 or 1.6825. Objectives of this downmove are 1.6757 or 1.6723. A rise above 1.6859 is again bullish.
EUR-JPY
166.74. A correction down to 166.20 folowed buy a mouve up to 166.93 or 167.20. A break above 167.66 would accelerate this bullish move.
EUR-GBP
0.6972. There are initial signs of a good corrective recovery towards 0.6990 or even 0.6999. Supports at 0.6967 and 0.6953 zone.
AUD-USD
0.9034. It should trade lower to 0.8973. Resistances are at 0.9043 and 0.9073. A break of 0.9098 is bullish.
USD-CAD
0.9732. Overall structure is bearish. Decelerating momentum could attract it towards supports at 0.9709 or 0.9704. Major support is clustered around 0.9675 limit.




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