Forex Signal - 16 November 07



EUR-USD
1.4612. Preferred view is for a fall to below 1.4577 while 1.4612 - 1.4640 area resists. A clear break of 1.4676 would be bullish.
USD-CHF
1.1226. It is likely to attempt nearer support at 1.1198 for extending further to below 1.1169 while below 1.1226 - 1.1244 area. Rise above 1.1258 would dampen this bearish expectation.
USD-JPY
110.30. There is bearish potential for a fall to 109.78 while 110.73 - 110.99 resist. After this fall a recovery up to 110.99 or 111.25 is expected.
GBP-USD
2.0451. Support at 2.0435 or 2.0295 should hold the downside for a correction to above 2.0574 zone.
EUR-CHF
1.6405. Market should pop up towards 1.6457 or 1.6509 this bullish scenario would be damaged if 1.6379 - 1.6348 zone is broken, a severe break down could then occur.
EUR-JPY
161.18. There is bearish potential for a fall to 160.22 while 162.00 - 162.48 resist. After this fall a recovery up to 162.48 or 162.95 is expected.
EUR-GBP
0.7145. One move lower to 0.7122 or 0.7100 is anticipated while below 0.7156 - 0.7167 area. Stop loss above 0.7190 zone.
AUD-USD
0.8857. There is bearish potential for a fall to 0.8800 while 0.8909 - 0.8937 resist. After this fall a recovery up to 0.8937 or 0.8965 is expected.
USD-CAD
0.9854. Current rise seems to be over near 0.9859 or 0.9944 for a retracement towards 0.9774 - 0.9730 area.



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