Daily Market Comment - 07 Desember 2007


Daily Market Comment

EUR-USD
1.4637. Is expected to fall lower than 1.4479. Entry sell point are at 1.4645 or 1.4684 . Stop loss above 1.4684.
USD-CHF
1.1297. Should test support at 1.1258 while below 1.1297. If support at 1.1258 holds it can rise up to 1.1345, if not it should fall to below 1.1218 zone.
USD-JPY
111.32. A correction down to 110.81 folowed buy a mouve up to 111.39 or 111.64. A break above 111.97 would accelerate this bullish move.
GBP-USD
2.0280. Is expected to fall lower than 2.0127. Entry sell point are at 2.0296 or 2.0334 . Stop loss above 2.0334.
EUR-CHF
1.6537. Current rise seems to be over near 1.6541 or 1.6567 for a retracement towards 1.6514 - 1.6500 area.
EUR-JPY
162.93. Market looks set for gains towards 163.63 or above in extension. Dips should find support at 162.42 - 162.07 zone.
EUR-GBP
0.7217. Currently uptrend should end around 0.7225 - 0.7235 area. A correction down to below 0.7188 is expected. A rise above 0.7254 will abort the expected correction.
AUD-USD
0.8788. It should trade higher to 0.8822 while 0.8756 or 0.8740 offers support. Stop loss below 0.8723 zone.
USD-CAD
1.0082. While below 1.0116 or 1.0138 it could fall towards below 1.0039 or 0.9995. After which a corrective/consolidation activity is expected.


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