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 .The current congestion period is expected to range between 12175 and 12000-11980.clear break and close below 11980 will open window for further decline toward 11875-11850 and put the last breakout in jeopardy.
British Pound/$ : Major Trend:Dwn-Tgt 159-157 the market is expected to stay in large trading range period until 17900 clearly broken. Clear break and close above 17900 will open window to test 18500.In the downside, 17575 is a short term support and a clear break to this level will open window for 17460-.
$/Japanese Yen : Major Trend:Dwn-Tgt 103 The 11620 is a key level , a clear break and close above this level will indicate that there is no enough momentum for the downside and a correction toward 11820-11850 should take place. Below 11450 will push the market down to retest 11340.Close below 11300 will clear the way toward 10875.
$/Swiss Franc : Major Trend:Up-Tgt 146-147 The downside breakout validity is in question because the lack of follow through. The market need to clearly close below 12660 to re-accelerate to downside momentum. Meanwhile, the current trading range is expected to lead toward 12950 which is a crucial level, clear break and close above it will open window to test 13075.
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