Forex signals for Thursday November 15th

EUR-USD => Support at 1.4592 will most likely be tested and if holds price will move higher towards 1.4716, if fails we will see a fall towards 1.4535.

GBP-USD => Resistance at 2.0624 and 2.0684 should hold price down and allow a fall to 2.0404 / 2.0284. Later we may see some consolidation and correction.

USD-CHF => A test of 1.1270 is expected followed by a fall to 1.1187 or even 1.1132.

USD-JPY => While below 111.54 - 111.79 expect additional sell towards 110.80 / 110.29. S/L slightly above 112.27.

EUR-JPY => While below 163.70 - 164.33 we could see one more dip to 161.86 / 160.61. S/L slightly above 165.55.

EUR-GBP => Further rally is expected targeting 0.7148 / 0.7210, presuming that support at 0.7108 holds. A correction later towards 0.7108 - 0.7090 is expected.

EUR-CHF => 1.6466 / 1.6494 will put current up move to an end. Falling price will aim at 1.6440 / 1.6412. Rising above 1.6520 will call bulls to play.

AUD-USD => 0.9031 / 0.9111 levels are to be watched for a test. Support level 0.8837. S/L should be placed slightly below 0.8867.

USD-CAD => Expecting a test of 0.9830 with further sell off to 0.9565 or even to 0.9458.

Happy Forex trades!

This entry was posted on Thursday, November 15th, 2007 at 6:54 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.