Good morning. Herewith we would like to present our currency market forecasts for today.

EURUSD
Is seen oscillating in range 1,2790-1,2890. Rise above the upper limit will lead to yesterday's highs 1,2980/3030. Drop below 1,2790 is expected to initiate fall towards 1,2730/1,2660.

GBPUSD
Possibility of a retreat towards 1,5880 where short positions are preferable. Target for these positions should be set around 1,5740. Breakdown over there will open way to 1,5530/1,5500. Only the return above 1,5390 will cancel this scenario and make the attack on 1,6100 just a matter of time.

USDJPY
Range of trading for today is between 100,10 - 98,20. Rebound above the upper limit will lead to the test of 102,20.

USDCHF
Is moving in range 1,1575-1,1690. Upside rebound will lead to the attack on 1,1740/80 shortly. Afterwards return above 1,1840 is expected.