Forex Signal - 26 October 07



EUR-USD
Currently uptrend should end around 1.4348 - 1.4363 area. A correction down to below 1.4266 is expected. A rise above 1.4403 will abort the expected correction.
USD-CHF
It should see a sell off to below 1.1617 while 1.1676 area curtails its upside. A break beyond 1.1717 will abort the downside.
USD-JPY
Market should hold major support at 113.71 before rising towards 114.58 or even 114.97 limit.
EUR-CHF
It is likely to attempt nearer support at 1.6676 for extending further to below 1.6651 while below 1.6701 - 1.6715 area. Rise above 1.6727 would dampen this bearish expectation.
EUR-JPY
It looks set for gains to above 164.2. Supports at 162.99 and 163.33. A break of 162.65 will damage this bullish structure.
EUR-GBP
Current rise seems to be over near 0.6985 or 0.6995 for a retracement towards 0.6975 - 0.6969 area.
AUD-USD
Currently uptrend should end around 0.912 - 0.9117 area. A correction down to below 0.9036 is expected. A rise above 0.9144 will abort the expected correction.
USD-CAD
It should trade higher to above 0.9707 while 0.9661 offer support. Minor support at 0.9642. Stop Loss below 0.9576 zone.


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