Daily Market Comment - 17 Desember 2007


Daily Market Comment

EUR-USD
1.4424. Market should not go lower than 1.4316. After this move down it should go up to 1.4418 - 1.4497 area.
USD-CHF
1.1525. Currently uptrend should end around 1.1620 - 1.1581 area. A correction down to below 1.1435 is expected. A rise above 1.1638 will abort the expected correction.
USD-JPY
113.41. Currently uptrend should end around 113.96 - 113.93 area. A correction down to below 112.55 is expected. A rise above 114.45 will abort the expected correction.
GBP-USD
2.0173. Market should meet resistance at 2.0256. We expect then an extended move down to 2.0065 -1.9924 area.
EUR-CHF
1.6625. Market should meet resistance at 1.6654. We expect then an extended move down to 1.6622 -1.6538 area.
EUR-JPY
163.57. Market should pop up towards 164.40 or 165.22 this bullish scenario would be damaged if 162.90 - 162.81 zone is broken, a severe break down could then occur.
EUR-GBP
0.7150. Current fall is near an end of wave around 0.7132 - 0.7133 zone, a rally should then procede to above 0.7164 or 0.7171. Fall below 0.7119 would cancel this scenario.
AUD-USD
0.8615. Market should not go lower than 0.8545. After this move down it should go up to 0.8611 - 0.8671 area.
USD-CAD
1.0170. It looks more likely that it would rise to 1.0236 from 1.0150 or 1.0117. After which a downside move is expected.

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