Euro/$ : Major Trend:Dwn-Tgt10800-10750 The market still need to clearly break and close above 12175 to confirm breakout validity and clear the way toward 12485 .In the downside 12060 is a significant support and a clear break and close below it will indicate that breakout momentum is waning and open window for testing 12000-11975. below 11930 risk for false breakout and retest of 11775.
British Pound/$ : Major Trend:Dwn-Tgt 159-157 The market will stay in trading range until 17900 clearly broken. The market indicators show that rally is start waning but we need a clear break to 17600 to clear the way toward 17420 and possible 17350. .
$/Japanese Yen : Major Trend:Dwn-Tgt 103 The bearish tone still dominating the market and the rebound from the 11370 key support is considered a correction before bearish trend resumes unless clear close above 11560.In the upside 11480-11510 area is expected to cap the rally, while 11370 is considered a crucial support and once broken, it will clear the way toward 10875. .
$/Swiss Franc : Major Trend:Up-Tgt 146-147 The breakout validity is in question because the lack of follow through. The 12850 should cap the rally to give chance for another attempt to break through 12670 support and clear the way toward 12350.Above 12850 risk for 12950-13000.
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