Daily Market Comment - 19 February 2008



Daily Market Comment

EUR-USD
1.4658. It should be subject to more sell off towards 1.4615 or 1.4573. Corrective upward swings should face resistance around 1.4674 area. A break of 1.4714 is bullish.
USD-CHF
1.1020. Current rise seems to be over near 1.1033 or 1.1067 for a retracement towards 1.0999 - 1.0976 area.
USD-JPY
108.23. Currently uptrend should end around 108.35 - 108.45 area. A correction down to below 107.88 is expected. A rise above 108.67 will abort the expected correction.
GBP-USD
1.9525. It is likely to attempt nearer support at 1.9454 for extending further to below 1.9383 while below 1.9525 - 1.9582 area. Rise above 1.9617 would dampen this bearish expectation.
EUR-CHF
1.6152. Current rise seems to be over near 1.6161 or 1.6199 for a retracement towards 1.6122 - 1.6098 area.
EUR-JPY
158.63. Currently uptrend should end around 158.88 - 158.86 area. A correction down to below 158.24 is expected. A rise above 159.10 will abort the expected correction.
EUR-GBP
0.7506. One move lower to 0.7483 or 0.7459 is anticipated while below 0.7514 - 0.7526 area. Stop loss above 0.7545 zone.
AUD-USD
0.9136. Currently uptrend should end around 0.9185 - 0.9162 area. A correction down to below 0.9090 is expected. A rise above 0.9187 will abort the expected correction.
USD-CAD
1.0076. Current rise should end around 1.0075 or 1.0100. Objectives of this downmove are 1.0050 or 1.0025. A rise above 1.0125 is again bullish.


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