Forex Analysis Today
March 27, 2008Thursday March 27, 2008
EUR-USD
1.5842. Uptrend is still intact in a triangle configuration. It should continue to rally to 1.6012 or 1.6035 if support around 1.5761 hold. After which a pullback to 1.5761 - 1.5713 zone is possible.
GBP-USD
2.0077. Uptrend is still intact in a triangle configuration. It should continue to rally to 2.0114 or 2.0224 if support around 2.0038 hold. After which a pullback to 2.0038 - 2.0002 zone is possible.
USD-JPY
98.99. Market should meet resistance at 99.40. We expect then an extended move down to 98.49 -97.77 area.
USD-CHF
0.9888. Market should not go lower than 0.979. After this move down it should go up to 0.9885 - 0.9961 area.
