Daily Market Comment - 25 February 2008



Daily Market Comment


EUR-USD
1.4831. One move lower to 1.4792 or 1.4752 is anticipated while below 1.4847 - 1.4867 area. Stop loss above 1.4902 zone.
USD-CHF
1.0849. It may meet resistance in 1.0849 - 1.0868 zone for a drift down to 1.0793 zone, after which bounce to 1.0884 is anticipated.
USD-JPY
107.21. Market should hold major support at 106.36 before rising towards 107.61 or even 108.01 limit.
GBP-USD
1.9671. One move lower to 1.9618 or 1.9564 is anticipated while below 1.9690 - 1.9717 area. Stop loss above 1.9762 zone.
EUR-CHF
1.6091. It should register further gains to 1.6151 while 1.6049 caps downside attempts. Stop loss below 1.6006 zone.
EUR-JPY
159.01. Market should hold major support at 158.32 before rising towards 159.47 or even 159.94 limit.
EUR-GBP
0.7540. It should test higher than 0.7554. Entry point are at 0.7532 and 0.7524. A break of 0.7509 is bearish.
AUD-USD
0.9234. Uptrend is still intact in a triangle configuration. It should continue to rally to 0.9254 or 0.9298 if support around 0.9219 hold. After which a pullback to 0.9219 - 0.9203 zone is possible.
USD-CAD
1.0122. It looks set for gains to above 1.0169. Supports at 1.0098 and 1.0121. A break of 1.0074 will damage this bullish structure.



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