Forex Analysis Today
May 7, 2008Wednesday May 7, 2008
EUR-USD
Strength can extend to 1.5563 or even higher than 1.56 as declines are expected to find support at 1.5493 or 1.5459. A fall below 1.5385 could turn it bearish.
GBP-USD
It may attempt a test higher to 1.9755 after which weakness may set it to a drift down to below 1.9659 limit.
USD-JPY
Market should hold major support at 103.91 before rising towards 105.25 or even 105.73 limit.
USD-CHF
Market should hold major support at 1.0418 before rising towards 1.0572 or even 1.0623 limit.
