Forex Analysis Today
May 14, 2008Wednesday May 14, 2008
EUR-USD
It should register gains to 1.5520. Corrective decline should be supported in 1.5453 - 1.5415 area. Stop Loss below 1.5355 zone.
GBP-USD
Market should meet resistance at 1.9487. We expect then an extended move down to 1.9423 -1.9356 area.
USD-JPY
Uptrend is still intact in a triangle configuration. It should continue to rally to 105.41 or 105.87 if support around 104.35 hold. After which a pullback to 104.35 - 104.07 zone is possible.
USD-CHF
Current rise seems to be over near 1.0542 or 1.0582 for a retracement towards 1.0501 - 1.0473 area.
