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Old 05-05-2003, 08:08 PM
nico3725
 
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Default Weekly Forex Market Comment :

EUR/USD.. .1.1215. As suggested in the last update, EUR has resumed its uptrend & should now target 1.1365/1.1425. Minor support is at 1.1065 & below that 1.0965 & 1.0930. Break below 1.0930 will warn about top is in.

USD/CHF.. 1.3455. Dollar should target
1.3125/1.3060/1.2965 now. Resistances are at 1.3665 & 1.3785.

USD/JPY..118.90. No change in view. Dollar `s bullish outlook is dampened a bit.It may trade in 117.60-120.85 range for some time.

GBP/USD..1.6025.Break of resistance in 1.5835/85 area should help Cable try 1.6175/95 or 1.6245/75. Supports are at 1.5860 & 1.5785.

Regards.

Source : http://www.realtimeforex.com/
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