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Old 06-02-2003, 10:08 PM
nico3725
 
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Default Weekly Forex Market Comment :

EUR/USD.. .1.1785. EUR` correction is continuing between 1.1665 & 1.1930 & may take a triangle shape. Supports are at 1.1730, 1.1665 & 1.1615.Expect a failed 5th wave of big wave 3 to about 1.1945/70 now, after which a decent down retracement is anticipated.

USD/CHF.. 1.2970. Dollar met our target near 1.2775.Correction is continuing & a push down to 1.2725/1.2675 is expected after this correction. Resistances are at 1.3075/1.3115, 1.3275 & 1.3375.

USD/JPY..119.20. Break above 117.80 turned the picture positive for Dollar & it may test 119.75/120.10 now. Break above this area may help it test 121.10/25 also.Supports are at 118.25 & 117.85/65.

GBP/USD..1.6355.Cable can try 1.6585/1.6515 or 1.6655..Supports are at 1.6120 & 1.6050/00. Minor supports ahead of these are at 1.6300 & 1.6260.

Regards.

Source : http://www.realtimeforex.com/newsadmin/user_daily_market_e.asp
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