Forex Analysis Today
May 6, 2008Tuesday May 6, 2008
EUR-USD
Currently uptrend should end around 1.5516 - 1.5536 area. A correction down to below 1.5440 is expected. A rise above 1.5575 will abort the expected correction.
GBP-USD
One more dip to 1.9656 is likely followed by a grind higher to above 1.9753. After which it can resume his downtrend.
USD-JPY
There are initial signs of a good corrective recovery towards 105.40 or even 105.95. Supports at 104.80 and 104.52 zone.
USD-CHF
There are initial signs of a good corrective recovery towards 1.0567 or even 1.0585. Supports at 1.0524 and 1.0499 zone.
