Daily Market Comment - 27 November 2007

EUR-USD
1.4871. It should trade lower to 1.4773. Resistances are at 1.4854 and 1.4879. A break of 1.4903 is bullish.confirmed by a close above 1.4922 limit.
USD-CHF
1.0969. Support at 1.0963 or 1.0926 should hold. Then a correction to above 1.1115 is anticipated. A clear break of 1.0883 is again bearish.
USD-JPY
107.41. Overall structure is bearish. Decelerating momentum could attract it towards supports at 107.29 or 106.83. Major support is clustered around 106.23 limit.
GBP-USD
2.0711. Current upmove should end around 2.0766 - 2.0764 area. A correction down to below 2.0634 or even 2.0556 is expected. A rise above 2.0816 will abort the expected correction.
EUR-CHF
1.6314. Prefer a fall to 1.6309 or 1.6279. Then a correction to 1.6356 is anticipated. A clear break of 1.6245 is again bearish.
EUR-JPY
159.73. There is bearish potential for a fall to 159.02 or 158.32 while 160.61 - 160.96 resist. After this fall a recovery up to 160.61 or 160.96 is expected.
EUR-GBP
0.7181. Market should hold major support at 0.7152 before rising towards 0.7197 or even 0.7214 limit.
AUD-USD
0.8700. While below 0.8747 or 0.8785 it could fall towards below 0.8624 or 0.8549. After which a corrective/consolidation activity is expected.
USD-CAD
0.9902. Difficult to predict the next move. If first down it should hold 0.9852 or 0.9831 to 0.9944. If first up it should face resistance in 0.9908 - 0.9944 zone to 0.9831 zone


Previous >

Sharp LCD HDTV | 40 Inch HDTV | Body Weight Loss | All Xbox games | SkullCandy Headphones | Sennheiser Headphones
Home Stereo System | GE Dishwasher | Serta Mattress | Frontline Plus Dogs | Lamb Shoes | Leather Jacket Women | Indonesia Vacations