Euro/$ : Major Trend:Dwn-Tgt10800-10750 The bearish tone still in place with focus point 11775, but the structure of the downward swing warns for potential counter swing move if 11820 not broken .Clear break of 11980 will confirm the counter move and push the market toward 12115 .
British Pound/$ : Major Trend:Dwn-Tgt 159-157 The negative tone still hovering, but we might see a bounce toward 17610 if market failed to clear the 17270 level. In the upside,17490 should cap rally to keep bearish swing healthy, if broken, it will open window to test 17610.
$/Japanese Yen : Major Trend:Dwn-Tgt 103 The bullish tone still dominating and market is expected to move higher toward 12060 . In the downside, 11830 should hold to keep the bullish swing healthy, if broken it will extend the correction toward 11785-70 and reduce acceleration. Below 11675 will abort the bullish scenario and open window to test 11400.
$/Swiss Franc : Major Trend:Up-Tgt 146-147 The market rally is showing lack of momentum and a counter swing is expected to take place toward 12940-25 with 13120-40 must cap any rally to keep the counter swing on track. Break of 13180 will lead for 50 to 60 pips higher then reverse down
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