Forex Analysis Today
May 9, 2008Friday May 9, 2008
EUR-USD
It should test 1.5453 area after which a sell off down to 1.5305 or extended to 1.5217 area is expected.
GBP-USD
It is likely to attempt to below 1.9437 while below 1.9541 - 1.9555 area. Rise above 1.9607 would dampen this bearish expectation.
USD-JPY
Market should meet resistance at 104.03. We expect then an extended move down to 103.28 -102.82 area.
USD-CHF
While below 1.0539 - 1.0568 it might drop to 1.0454 or below 1.0396 zone.
