EUR/USD.. .1.0875. Preferred outlook now is resumption of uptrend towards 1.1125/1.1335/65.Supports are at 1.0850/20 & below that at 1.0780 & 1.0665.Minor resistance is situated at 1.0965/1.1000.

USD/CHF.. 1.3820. Initial signs of end of Dollar`s upside correction are in. Resistances are at 1.3965, 1.4085/1.4105 & 1.4320. As long as Dollar remains below 1.4315/25 we look for declines to 1.3125/1.3060/1.2930.

USD/JPY..119.80. Dollar `s bullish outlook is dampened a bit.It may trade in 117.60-120.85 range for some time.

GBP/USD..1.5705.Resistance in 1.5835/85 area has to be taken out for Cable to try higher to 1.6000++.

Regards.

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