Forex Analysis Today
April 28, 2008Monday April 28, 2008
EUR-USD
It may meet resistance in 1.5593 - 1.5618 zone for a drift down to 1.5517 zone, after which bounce to 1.565 is anticipated.
GBP-USD
It should trade higher to 1.992 while 1.9798 or 1.9752 offers support. Stop loss below 1.9706 zone.
USD-JPY
While below 104.85 it is more likely to fall further towards 104.16 or 103.93. Premature rise above 104.85 could see it rising above 105.3 zone.
USD-CHF
Should test support at 1.03 while below 1.0364. If support at 1.03 holds it can rise up to1.0429, if not it should fall to below 1.0237 zone.
