Forex Analysis Today
April 7, 2008Monday April 7, 2008
EUR-USD
Current upmove should be over between1.5752 and 1.5714. A correction down to 1.5578 is anticipated. A break of 1.5790 is bullish.
GBP-USD
There are initial signs of a good corrective recovery towards 1.9990 or even 2.0017. Supports at 1.9920 and 1.9877 zone.
USD-JPY
There is bearish potential for a fall to 101.14 or 100.68 while 102.14 - 102.37 resist. After this fall a recovery up to 102.14 or 102.37 is expected.
USD-CHF
It should register further gains to 1.0120 while 1.0006 caps downside attempts. Stop loss below 0.9953 zone.
