Forex Signal 18 October 07




EUR-USD
1.4208. It should trade higher to 1.4239 while 1.4199 or 1.4183 offers support. Stop loss below 1.4167 zone.
USD-CHF
1.1801. We prefer to see an attempt to below 1.1774 or below 1.1748 in extension. A clear break of 1.1818 is bullish.
USD-JPY
116.67. It is likely to fall to 116.17 or below 115.67 in extension while 116.68 - 116.93 area offer resistance. Above 117.18 the outlook could turn bullish.
GBP-USD
2.0402. It may attempt a test higher to 2.0411 after which weakness may set it to a drift down to below 2.0319 limit.
EUR-CHF
1.6768. It looks set for gains to above 1.6811. Supports at 1.6741 and 1.6763. A break of 1.6719 will damage this bullish structure.
EUR-JPY
165.77. It should test 166.28 area after which a sell off down to 164.75 or extended to 163.73 area is expected.
EUR-GBP
0.6964. Decline should be supported around 0.6954 - 0.6944 zone for rally to above 0.6996. A clear break of 0.6944 will damage this expected rally.
AUD-USD
0.8913. It may attempt a test higher to 0.8943 - 0.8985 after which weakness may set it to a drift down to below 0.8828 limit.
USD-CAD
0.9745. There is bearish potential for a fall to 0.9708 while 0.9765 - 0.9784 resist. After this fall a recovery up to 0.9784 or 0.9802 is expected.



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