Forex Analysis Today
March 24, 2008Tuesday March 25, 2008
EUR-USD
1.5437. It should trade higher to 1.5482 or above 1.5526 in extention. Supports at 1.5389 and 1.5411. Stop loss below 1.5367 zone
GBP-USD
1.9878. Difficult to predict the next move. If first down it should hold 1.9819 or 1.9799 to 1.9918. If first up it should face resistance in 1.9878 - 1.9918 zone to 1.9799 zone.
USD-JPY
100.57. Uptrend is still intact in a triangle configuration. It should continue to rally to 101.30 or 101.72 if support around 100.31 hold. After which a pullback to 100.31 - 100.03 zone is possible.
USD-CHF
1.0186. While below 1.0253 it is more likely to fall further towards 1.0149 or 1.0115 zone.
