Thread: Weekly FX Maket Comment

EUR/USD.. .1.0605. EUR went down further last week & markets are jittery over developments on war front. Still considering this down move as correction. Supports are now at 1.0500, 1.0460 & 1.0320. As long as the last support contains the weakness EUR will retain the chances for resuming its uptrend towards 1.1125/1.1280/1.1335.

USD/CHF.. 1.3895. Dollar`s corrective phase is expected to last for some time. Resistances are at 1.4060, 1.4105 & 1.4320. As long as Dollar remains below 1.4315/25 we cannot rule out the possibility of down move to 1.3155/1.3060/1.2930.

USD/JPY..120.85. Dollar broke above our resistance levels & now it looks positive for test of 122.15 or 122.60. Supports are at 120.25 & 119.25.

GBP/USD..1.5665. As suggested Cable went down to 1.5535. Resistances are at 1.5750,1.5825 & 1.5885. As these hold one more drop to 1.5430/25 is on the cards.

Regards.

Source : http://www.realtimeforex.com

Euro`s recovery probably finds formidable resistance
around the 1.1085 lvl,yielding REVERSAL for sell-off
back toward 1.0500.