Forex Analysis Today
April 8, 2008Tuesday April 8, 2008
EUR-USD
It should trade higher to above 1.5755 while 1.5692 offer support. Minor support at 1.5669. Stop Loss below 1.5583 zone.
GBP-USD
Current fall is near an end of wave around 1.9808 - 1.9871 zone, a rally should then procede to above 1.9913 or 1.9939. Fall below 1.9779 would cancel this scenario.
USD-JPY
A corrective/consolidation activity between 101.66 and 103.59 is likely for a while.
USD-CHF
Current upmove should continue up to 1.0183 or 1.0235. Any correction should find support in 1.0120 - 1.0094 zone.
