Forex Signal 17 October 07




EUR-USD
1.4172. Market should pop up towards 1.4217 or 1.4263 this bullish scenario would be damaged if 1.4173 - 1.4149 zone is broken, a severe break down could then occur.
USD-CHF
1.1825. It should be subject to more sell off towards 1.1794 or 1.1762. Corrective upward swings should face resistance around 1.1842 area. A break of 1.18635 is bullish.
USD-JPY
116.92. Current fall is near an end of wave around 116.22 - 116.85 zone, a rally should then procede to above 117.19 or 117.44. Fall below 115.93 would cancel this scenario.
GBP-USD
2.0327. There is bearish potential for a fall to 2.0268 while 2.0353 - 2.0383 resist. After this fall a recovery up to 2.0383 or 2.0412 is expected.
EUR-CHF
1.6759. It is likely to attempt to below 1.6715 while below 1.6759 - 1.6762 area. Rise above 1.6784 would dampen this bearish expectation.
EUR-JPY
165.71. It is likely to fall towards 164.73 as its corrective rally could falter in 166.33 - 165.84 area. Stop above 166.83 zone.
EUR-GBP
0.6972. It should trade lower to 0.6941. Resistances are at 0.6967 and 0.6975. A break of 0.6982 is bullish.confirmed by a close above 0.6988 limit.
AUD-USD
0.8883. It is likely to attempt to below 0.8715 while below 0.8883 - 0.8906 area. Rise above 0.8990 would dampen this bearish expectation.
USD-CAD
0.9790. Current upmove should continue up to 0.9822 or 0.9855. Any correction should find support in 0.9784 - 0.9768 zone.



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