Forex Signal - 25 October 07



EUR-USD
It should trade higher to 1.4293 while 1.4241 or 1.4227 offers support. Stop loss below 1.4213 zone.
USD-CHF
Current fall seems to be over near 1.1715 or 1.1695 for a rebound towards 1.1735 - 1.1748 area.
USD-JPY
It is likely to fall towards 113.73 as its corrective rally could falter in 114.61 - 114.34 area. Stop above 114.88 zone.
GBP-USD
Uptrend is still intact in a triangle configuration. It should continue to rally to 2.0548 or 2.0571 if support around 2.048 hold. After which a pullback to 2.048 - 2.0462 zone is possible.
EUR-CHF
Difficult to predict the next move. If first down it should hold 1.6696 or 1.6682 to 1.6747. If first up it should face resistance in 1.6729 - 1.6747 zone to 1.6682 zone
EUR-JPY
It should be subject to more sell off towards 161.84 or 160.68. Corrective upward swings should face resistance around 163.41 area. A break of 164.56 is bullish.
EUR-GBP
It should test 0.6982 area after which a sell off down to 0.6944 or extended to 0.6929 area is expected.
AUD-USD
Currently uptrend should end around 0.9095 - 0.9073 area. A correction down to below 0.8961 is expected. A rise above 0.9117 will abort the expected correction.
USD-CAD
It is likely to attempt to below 0.9598 while below 0.9687 - 0.9688 area. Rise above 0.9733 would dampen this bearish expectation.


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