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18 Sep  EURUSD  +200

20 Sep  EURUSD  +230

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31 Oct View


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Daily View

 EURUSD: Euro decline continued  lower with support found at 1.4385 that could lead to a larger correction in coming days toward 1.4800/1.5000 but there is risk for more declines after 1.4350 break even for 1.4000 target too.

 Current Rate = 1.4500

 USDJPY:  No major change yet, Dollar/Yen outlook in midterm is mix and there is no clear direction in market. In short term we may see swing moves between 108.00 and 110.00 in coming days.

 Current Rate = 108.00

 GBPUSD: Cable declines accelerated after 1.8300 break, short term support now formed at yesterday's low at 1.7660, same as Euro large corrective move expected to take place with resistance at 1.8200 and then 1.8800. Don't forget that at current situation downside move is in focus yet.

    Current Rate = 1.7800

 USDCHF:  Bullish moves continued above 1.1050 now that could move it even higher around 1.1200/1.1250 too and then we could expect good declines in market later. 1.0950/1.0900 are support levels for this view.

 

Current Rate = 1.1030

 

 

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Published At  09/04/2008


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 Friday October 31, 2008