Forex Analysis Today
May 1, 2008Thursday May 1, 2008
EUR-USD
It should trade higher to 1.5672 or above 1.5721 in extention. Supports at 1.557 and 1.5594. Stop loss below 1.5545 zone
GBP-USD
It may attempt a test higher to 1.9881 - 1.9966 after which weakness may set it to a drift down to below 1.9696 limit.
USD-JPY
it looks more likely that it would rise to above 104.4 or 104.64 from 103.81 or 103.45. After which a downside move to below 102.97 is expected.
USD-CHF
It looks more likely that it would rise to 1.0416 from 1.0337 or 1.0302. After which a downside move is expected.
