Forex Analysis Today
March 28, 2008Friday March 28, 2008
EUR-USD
There are initial signs of a good corrective recovery towards 1.5813 or even 1.5841. Supports at 1.5753 and 1.5722 zone.
GBP-USD
2.0062. It looks more likely that it would rise to above 2.0128 or 2.0162 from 2.0043 or 1.9993. After which a downside move to below 1.9924 is expected.
USD-JPY
Corrective dips should ideally halt near 99.45 or 99.1 for one more thrust upwards towards 99.90 - 100.34 area or 101.04 in extention. Fall below 98.75 puts it back on a downward path.
USD-CHF
It should test 0.9937 area after which a sell off down to 0.9886 or extended to 0.9835 area is expected.
