Monday October 10, 2005
EUR-USD

1.2124. There are initial signs of a good corrective recovery towards 1.2157 or even 1.2178. Supports at 1.2109 and 1.2081 zone.

USD-CHF

1.2782. It should test 1.2820 area after which a sell off down to 1.2710 or extended to 1.2637 area is expected.

USD-JPY

113.80. It should be subject to more sell off towards 113.28 or 112.77. Corrective upward swings should face resistance around 114.23 area. A break of 114.36 is bullish.

GBP-USD

1.7606. There is bearish potential for a fall to 1.7523 while 1.7659 - 1.7701 resist. After this fall a recovery up to 1.7701 or 1.7743 is expected.

EUR-CHF

1.5499. It should find support in 1.5471 - 1.5442 area for a rally to 1.5548. Unexpected fall below 1.5442 will dent this bullish view.

EUR-JPY

137.98. Corrective dips should halt near 137.68 for one more thrust upwards towards 138.08. Stop loss below 137.38 zone.

EUR-GBP

0.6887. A correction down to 0.6858 or lower is now expected from 0.6888 or 0.6903. A break above 0.6918 is needed to turn bullish.

AUD-USD

0.7565. It is a triangle configuration. Market should break either side. Acceleration should occur above 0.7614 or under 0.7558 limits.

USD-CAD

1.1753. Market should pop up towards 1.1807 or 1.1861 this bullish scenario would be damaged if 1.1716 - 1.1705 zone is broken, a severe break down could then occur.

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