Forex Signal - 22 October 07




EUR-USD
1.4295. Current upmove should be ended around 1.4328 - 1.4360. Any correction consolidation should find support in 1.4286 - 1.4270 zone.
USD-CHF
1.1674. Current fall is near an end of wave around 1.1619 - 1.1630 zone, a rally should then procede to above 1.1705 or 1.1720. Fall below 1.1611 would cancel this scenario.
USD-JPY
114.59. It should register further gains to 115.35 while 114.19 caps downside attempts. Stop loss below 113.80 zone.
GBP-USD
2.0513. Uptrend is still intact in a triangle configuration. It should continue to rally to 2.0539 or 2.0599 if support around 2.0482 hold. After which a pullback to 2.0482 - 2.0461 zone is possible.
EUR-CHF
1.6686. We prefer to see an attempt to below 1.6668 or below 1.6649 in extension. A clear break of 1.6712 is bullish.
EUR-JPY
163.82. Market should not go lower than 162.87. After this move down it should go up to 163.76 - 164.27 area.
EUR-GBP
0.6968. While below 0.6976 - 0.6985 it might drop to 0.6951 or below 0.6933 zone.
AUD-USD
0.8911. Current move should be supported in 0.8902 zone for a rise to above 0.9034. A break below 0.8832 opens the way down.
USD-CAD
0.9658. Overall structure is bearish. Decelerating momentum could attract it towards supports at 0.9621 or 0.9609. Major support is clustered around 0.9584 limit.



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