Forex Analysis Today
June 12, 2008Thursday June 12, 2008
EUR-USD
It should trade higher to 1.5612 or above 1.5671 in extention. Supports at 1.5499 and 1.5528. Stop loss below 1.5469 zone
GBP-USD
It should test 1.974 area after which a sell off down to 1.9528 or extended to 1.9422 area is expected.
USD-JPY
While below 107.1 or 107.37 it could fall towards below 106.43 or 105.9. After which a corrective/consolidation activity is expected.
USD-CHF
While below 1.0358 or 1.0383 it could fall towards below 1.0268 or 1.0219. After which a corrective/consolidation activity is expected.
