Forex technical analysis

EUR-USD => While 1.5345 - 1.5380 level resists a dip to 1.5285 is possible. Breaking above 1.5435 sets it on a bullish path.

GBP-USD => While trading below 2.0145 price may test support at 2.0080, which if holds will provide an opportunity for a move up to 2.0215, otherwise we will see a dip to 2.0015.

USD-CHF => Anticipating a test of 1.0350 with a following bounce to below 1.0165.

USD-JPY => Expecting a test of 103.90 with a following sell off to 101.80and possibly to 100.70 in extension.

EUR-JPY => Expecting a test of 158.40 with a sell off to 156.90 or lower to 155.90.

EUR-GBP => 0.7590 level should mark the end of a downtrend, a rally then push the price to above 0.7640. Breaking below 0.7570 cancels those expectations.

EUR-CHF => Expecting a test of 1.5790 with a following dip to 1.5675 or lower to 1.5610.

AUD-USD => While trading below 0.9300 - 0.9330 we may see a move down to 0.9225 and possibly 0.9170.

USD-CAD => Support levels are at 0.9820 and 0.9855. Targeting 0.9965. Breaking below 0.9780 damages bullish scenario.

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This entry was posted on Monday, March 10th, 2008 at 5:24 am and is filed under Daily market comments. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.