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BFI: Currency market commentary

03.10.2008 08:58 piątek

Good morning. With great pleasure we would like to present our currency market forecasts for today.

EURUSD
Rise to 1,3920 is probable, what should be followed by a drop to 1,3740 or even 1,3680. Only the return above 1,3990 may cancel this scenario.

GBPUSD
Is seen in range 1,7660-1,7780. Rebound above 1,7780 will open way to 1,7890.

USDJPY
We consider the level of 105,70 as a good point to open short positions. Range of the following drop we assess for 104,20.

USDCHF
Rise to 1,1360/70 should be used to open short positions with take profit order at 1,1240. Rebound above 1,1440 will pave the way for the test of 1,1500/1,1600 area.

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