Euro/$ :Major Trend:Dwn-Tgt10800-10750 The hesitated bearish swing warns that a correction is preparing to take place toward 12115-12145. Break of 11940 should alter the market mood and open window to challenge 11980 key point en route to 12115.Below 11850 will open window to test 11775-40.
British Pound/$ : Major Trend:Dwn-Tgt 159-157 The negative tone still hovering, but the last market structure warns for a counter swing toward 17610-17680. Clear break of 17490 will alter the market mood and confirm the counter swing. Below 17340 will open window to test 17270 key level en route to 17130.
$/Japanese Yen: Major Trend:Dwn-Tgt 103 The break of 11830 reduced market acceleration and indicated that market rally was premature. The focus point is 11620 where clear close of this level should abort the last bullish swing scenario and clear the way for retesting 11340. if 11620 hold we need to see a 170 pips rebound to reaccelerate the bullish swing.
$/Swiss Franc : Major Trend:Up-Tgt 146-147 The market rally is showing lack of momentum and warns for a counter swing to take place toward 12940-12865. Clear Break of 13050 will alter the market mood and accelerate the counter swing. Break of 13180 will lead for 50 to 60 pips higher then reverse down.
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