Euro/$ : Major Trend:Dwn-Tgt10800-10750 The break of 12175 re-accelerate the bullish momentum and open window to test 12485 and possible 12590. In the downside, 12175 became a strong support and must hold to keep the last bullish swing in force. Below 12175 risk for 12000 and possible lower.
British Pound/$ : Major Trend:Dwn-Tgt 159-157 The last 2 days rally is a positive sign but the market still needs a clear break and close above 17900 to clear the way toward 18500-18600.In the downside, the 17730 is a key level, clear close below it will open window to test 17525.
$/Japanese Yen : Major Trend:Dwn-Tgt 103 The market is expected to challenge 11340 en route to 11300.A clear close below 11300 will clear the way toward 10875.In the upside 11620 still a key resistance level, a clear break and close above it will clear the way toward 11820-11850.
$/Swiss Franc : Major Trend:Up-Tgt 146-147 The break of 12660 re-accelerate the bearish momentum and clear the way toward 12240.In the upside the 12675-85 is a significant resistance area and should cap any rally to keep the bearish swing in force. A clear break and close above 12685 risk for 12900.
Disclaimer: All information on this web site is subject to change. The use of this web site constitutes acceptance
of our user agreement. All publisher financial articles at
FXtree.com are those of the individual authors and do not represent trading recommendations
of FXtree.com or its staff.