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Old 12-31-2002, 03:00 AM
nico3725
 
Posts: n/a
Default Weekly FX Market comment :

EUR/USD.. .1.0665. EUR
is moving along predicted lines so far. It may test
1.0705/60, where as of now it is likely to run into some resistance. Need to assess the price action in this area, as there is a chance for a decent down correction from these levels.Supports are at 1.0575/35, 1.0475 & 1.0425.

USD/CHF.. 1.3670. Dollar
is now expected to fall to 1.3685/35 or 1.3525.Resistance at 1.3935/1.4000.

GBP/USD..1.6130. Cable repeatedly found support at 1.5965/50. It should now move higher to 1.6225/45 or 1.6300/35.

USD/JPY..117.65. Dollar met the target set last week. It should fall to 116.75 or 116.00 now. Resistances are at 118.85 & 119.35.

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