Forex Signal - 23 October 07




EUR-USD
Market should meet resistance at 1.4219. We expect then an extended move down to 1.4143 -1.4068 area.
USD-CHF
It should trade higher to 1.1842 while 1.1721 or 1.1689 offers support. Stop loss below 1.1657 zone.
USD-JPY
It should test higher than 115.04. Entry point are at 113.9 and 113.66. A break of 112.76 is bearish.
GBP-USD
Overall structure is bearish. Decelerating momentum could attract it towards supports at 2.027 or 2.0214. Major support is clustered around 2.0195 limit.
EUR-CHF
It should test 1.6769 area after which a sell off down to 1.6653 or extended to 1.6605 area is expected.
EUR-JPY
Market should hold major support at 158.98 before rising towards 163.96 or even 165.49 limit.
EUR-GBP
Our preferred outlook is for a drift down to 0.6963 or below 0.6951. Resistances are at 0.6975 and 0.6979. A rise above 0.6991 would delay but not abort this expected fall.
AUD-USD
Market should hold major support at 0.8705 before rising towards 0.8936 or even 0.9008 limit.
USD-CAD
Current rise seems to be over near 0.9807 or 0.9856 for a retracement towards 0.9757 - 0.9724 area.



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