Euro/$ : Major Trend:Dwn-Tgt10800-10750 Despite the lack of follow through yesterday, the bullish swing will stay in power as long as 12175 not broken, with objective 12485 and possibly 12590. Below 12175 risk for 12000 and possible lower.
British Pound/$ : Major Trend:Dwn-Tgt 159-157 The last bullish swing 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 Despite the lack of follow through yesterday, the bearish swing will stay in power as long as 12690 is not broken, with objective around 12240. A clear break and close above 12690 risk for 12900.
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