FOREX COMMENTARY 10.08.2004
10.08.2004 (2.45am US Time)
USD/JPY ( CURRENT LEVEL 110.66) – CONSOLIDATION IN RANGE 110.40 – 110.80. NEXT DIRECTION DEPEND ON BREAKINGTHROUGH THIS RANGE. BECAUSE OF TODAY`S FED DECISION USD COULD FORTIFY AND WE COULD SEE TEST 110.30 AND EVEN 111.70.
EUR/USD (CURRENT LEVEL 1.2272) – SUPPORT AT 1.2200/15 REGION, IN A FEW DAYS WE SHOULD BE WITNESSES BREAK ABOVE 1.2375 AND NEXT THE TEST 1.2500 REGION. IT SEEMS LIKE DECISION ABOUT RISE RATE ALREADY IS IN PRICES .
USD/CHF (CURRENT LEVEL 1.2542) – IN A FEW DAYS WE WAIT FOR BREAK SUPPORT AT 1.2480/90 AND TEST 1.2400 REGION AND NEXT ESTABLISH NEW MINIMUM AT 1.2000.
GBP/USD(CURRENT LEVEL 1.8415) – FRIDAY`S CLOSE ABOVE 1.8390 SUGGEST RISES EVEN TO 1.8700 REGION IN THIS WEEK. SUPORT AT 1.8300 REGION.
|