Forex daily market comments Tuesday July 31, 2007
Tuesday July 31, 2007
| 1.3697. It should test 1.3776 area after which a sell off down to 1.3636 or extended to 1.3576 area is expected. | |
| GBP-USD | 2.0247. It should test higher than 2.0298. Entry point are at 2.0215 and 2.019. A break of 2.0132 is bearish. |
| USD-CHF | 1.2028. There is bearish potential for a fall to 1.199 or 1.1951 while 1.2065 - 1.2084 resist. After this fall a recovery up to 1.2065 or 1.2084 is expected. |
| USD-JPY | 119.06. It looks set for gains to above 119.48. Supports at 118.54 and 118.75. A break of 118.33 will damage this bullish structure. |
| EUR-JPY | 163.09. Market should hold major support at 161.43 before rising towards 163.97 or even 164.86 limit. |
| EUR-GBP | 0.6764. A correction down to 0.674 followed buy a move up to 0.6767 or 0.6778. A break above 0.6793 would accelerate this bullish move. |
| EUR-CHF | 1.6477. It should stay in a range trading between 1.6429 and 1.6509 for a while. |
| AUD-USD | 0.8563. Is expected to fall lower than 0.8415. Entry sell point are at 0.857 or 0.8607 . Stop loss above 0.8607. |
| USD-CAD | 1.0672. One move lower to 1.064 or 1.0609 is anticipated while below 1.0671 - 1.0687 area. Stop loss above 1.0702 zone. |
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